Answer:
Option (B) is correct.
Explanation:
Given that,
Actual hours used = 45,000
Actual rate per hour = $15.00
Standard rate per hour = $14.50
Standard hours for units produced = 47,000
Direct Labor Efficiency Variance:
= (Standard Hours for units produced - Actual Hours used) × Standard Rate per hour
= (47,000 - 45,000) × 14.50
= 29,000 Favorable
<span>14 + 17 + 24 = 55
24 + 24 + 24 = 72
Producer Surplus = $17
Tim makes $17 more than he is initially willing to charge, thus a surplus of 17.
33 + 26 + 24 = 83
24 + 24 + 24 = 72
Consumer Surplus = $11
The customers pay $11 less than they are initially willing to pay, thus a surplus of 11.
Everybody wins, yay capitalism</span>
If the price elasticity of demand is inelastic, then the incidence of tax will be greater on consumers, as producers can shift most of the tax on them by raising prices. Whereas if it was elastic, then it would be producers.
D. The Peer to peer network would be less expensive to create and maintain
Answer: Direct negotiation
Explanation:
Since the firm repurchases shares from a major shareholder through privately determined discussions, then this is referred to as a direct negotiation.
A direct negotiation occurs when a company approaches one or some if it's largest shareholders directly so that the company can buy back the shares that was sold to them by the company back from them. In this case, the shares purchase price will include a premium.
