Base on the given situation above, if there is a presence of
stricter quota such as with the 30,000 tons of apricots to be provided and was
imposed on a market, it is expected that quantity demand and the imports in the
market to decrease even if the domestic quantity and price that has been
provided will increase.
Answer:
Labor Rate Variance = - $1,188 Unfavorable
Explanation:
Provided labor hours for each radio = 0.9
Standard labor cost per hour = $7.20
Actual labor cost = $48,708
Actual labor hours = 6,600
Actual labor rate = $48,708/6,600 = $7.38
Labor Rate Variance = (Standard Rate - Actual Rate) 
Actual Hours
= ($7.20 - $7.38) 6,600 =<em><u> - $1,188 Unfavorable</u></em>
Answer:
The Tulip Mania in Holland went to a economic collapse in the value of Tulip bulbs in 1637. Stating this, even though, it didn't affect the Dutch economy at the time, since the Dutch Republic was the leading economy in the 17th century. Stating this, if Holland was did not possess financial stability, the following potential problems might occur:
1. The entire Dutch Republic might go into a depression, making every form of consumable and necessities inflated and money invaluable.
2. Might lead to a higher rate of unemployment, consequently resulting in other harmful factors like death.
3. Lastly, stating all of this, it would push back development for the Dutch and slow down progression.
Explanation:
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