Answer: c. it ensures productive efficiency.
Explanation:
The average cost pricing is used by the government in order to control the price that may be charged by the monopolist.
With the average cost pricing, monopolists are forced to reduce the price that twhy charge for a product to a point whereby the average total cost of the firm and the market demand curve will intersect.
This is vital as it brings about productive efficiency, increase production and also the reduction in the price of a good.
Therefore, the correct option is C "it ensures productive efficiency".
Thank you for your time with me, I eagerly await your response (email)
Thank you for your time, would you be available again soon to follow up on these matters? (in person)
He is not sincere.
This is the negative form of the sentence.
Answer:
The dealer will sell 15 Volvos
Explanation:
Consider the following formulas to calculate the Q of which optimize the exercise.
Profit = Q*p
Profit = (30-q)*q
Profit = 30q - q^2
Differentiating with respect to q, we get
30-2q = 0
2q = 30
q=15
The dealer will sell 15 Volvos
Answer:
Total cost= $2467
Explanation:
Giving the following information:
The Assembly Department uses a departmental overhead rate of $ 60 per machine hour.
The Sanding Department uses a departmental overhead rate of $ 20 per direct labor hour
Direct labor hours used
Assembly Department - 8
Sanding Department - 5
Machine hours used
Assembly Department - 10
Sanding Department - 7
The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job 603 is $1351.
Total cost= direct material + direct labor + MOH
Total cost= 1351 + (13*32) + (60*10 + 20*5)= $2467
