Answer: 75,000 units
Explanation:
Come up with an expression to solve this.
Assume the budgeted production needed is P.
P needs 2 pounds of raw materials per unit so raw materials needed are 2P.
Beginning raw materials for February have to be 30% of the needs of February;
= 30% * 2P
= 0.6P
Ending raw materials for February have to be 30% of March needs so;
= 30% * 100,000 * 2 pounds
= 60,000 pounds
So;
Budgeted raw materials purchase for February = Raw materials needed + Ending raw materials - Beginning raw materials
165,000 = 2P + 60,000 - 0.6P
1.4P = 165,000 - 60,000
P = (165,000 - 60,000) / 1.4
= 75,000 units
Answer:
the difference between the price a seller receives for a good and the minimum price for which he would have sold the good.
Explanation:
Producer surplus is the difference between the price a seller sells her goods and the least price she would be willing to sell her goods.
Consumer surplus is the difference between the price a buyer pays for a good and the highest price he would have paid for the good.
I hope my answer helps you
Answer:
98.10% of the tuiton cost will be lower than what the undergratuate stdent told their parents
Explanation:
We have to normilize the tuiton standard deviation adn then, look into the table for the accumulated probabiliti at their Z value:
Pz = 1,613499768839575
We look into the able and the probability is 0.981044728 that is 98.10% of the tuiton cost will be lower than what the undergratuate stdent told their parents
Answer:
a. This behaviour will decrease the AD. This is because as people will start saving more, they will spend less. Due to this, AD curve will shift backwards or AD will decrease.
b. If people start saving more, they will consume less. Thus, the consumption component will reduce.
c. This will change the saving habits. This is because people will become aware of the fact that they need to save for their old age because the social security system will not be enough to meet their demands.
Answer:
I. Mortgage companies service more mortgages than they originate.
IV. The government is involved in the residential mortgage markets.
Explanation:
- A mortgage market is one that is for the sales of the securities and the bonds and the values of the mortgage loan and consists of mostly the primary and secondary markets as the banks and financial institutions
- A the secondary are the new source of capital and these mortgages involves the companies to have the rights and may also involve the residential mortgage markets.
