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3 years ago

For most automobile manufacturers, what happens to the elasticity of supply over time?

1 answer:

3 0

For most automobile manufacturers, the elasticity of supply over time REMAINS THE SAME.
Automobile manufacturing takes time, it may take an automobile company several months to years before it can switch from constructing one type of car to another type. Such a company will have relatively inelastic supply in the long run compared to other products whose production process can be easily changed.

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Marine, Inc., manufactures a product that is available in both a flexible and a rigid model. The company has made the rigid mode

Viefleur [7K]

Answer:

Estimated manufacturing overhead rate= $32 per direct labor hour

Explanation:

Giving the following information:

At the beginning of the current year, management estimated that $672,000 in overhead costs would be incurred and the company would produce and sell 2,000 units of the flexible model and 10,000 units of the rigid model.

The flexible model requires 3.0 hour(s) of direct labor time per unit, and the rigid model requires 1.50 hour(s).

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=

Estimated manufacturing overhead rate= 672,000/(2000*3 + 10000*1.5)= $32 per direct labor hour

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3 years ago

Three important forms of long-term (capital) expenditures are

Anna35 [415]

Answer:

Explanation:

Expenditure made to reduce costs; Expenditure made to increase revenue; Expenditure which is justified on non-economic grounds.

6 0

3 years ago

If a egg need 5 mins to cook how many mins 7 eggs need to cook

denis23 [38]

35 its just 5 x 7 you multiply the number of eggs by how many minutes.

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3 years ago

Suppose that actual inflation is 3 percent, the Fed's inflation target is 2 percentage points, and unemployment rate is 3 percen

Dahasolnce [82]

The government would set its targeted interest at 6.5%

Based on the Taylor's rule

R = π + A + 0.5(A-A*) + 0.5

This is the formula that helps to get the output gap

<u>Definition of terms</u>

R is the nominal federal funds rate

π is the real rate of federal funds = 2%

A is the rate of inflation

A* is the target of of inflation = 2%

Rate of unemployment = 3%

The government has a target of full employment that is at 4 percent.

When we enter the values into the formula

R = 2% + 3% + 0.5(3%-2%) + 0.5%(2%)

= 5% + 0.5% + 1%

= 6.5%

Therefore the government would set its targeted interest at 6.5%

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3 years ago

He formal decision-making process used when considering the economic feasibility of implementing information security controls a

mrs_skeptik [129]

He formal decision-making process used when considering the economic feasibility of implementing information security controls and safeguards is called a CBA

WHAT IS A CBA ?

CBA stands for cost benefit analysis .

Businesses utilize a cost-benefit analysis as part of a systematic procedure to determine which options to take and which to ignore.

The cost-benefit analyst adds up the potential benefits anticipated from a circumstance or course of action before deducting the overall expenses related to that course of action.

It has the following benefits -

Increased income and sales as a result of greater production or new goods.
Benefits that can't be seen, such higher employee morale and safety, as well as increased consumer satisfaction via better products or quicker delivery.
Gained market share or a competitive advantage as a result of the choice.

To learn more about CBA click here :

brainly.com/question/15411875

#SPJ4

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2 years ago