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baherus [9]
3 years ago
12

The substitution effect is the concept that if the price of x goes ________ , there will be an increase (shift right) to x away

from substitute goods.
Business
1 answer:
oksian1 [2.3K]3 years ago
5 0
The answer is right, if not are there choices
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LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the r
swat32

Answer:

The correct option is D

Labour budget = $1,974,175

Explanation:

The labour budget is the product of the standard labour cost per unit and the budgeted production in units

Labour budget = standard labour cost× production budget in unit

The production budget can bed determined by adjusting the sales budget for closing and opening inventories.  

Production budget = Sales budget +closing inventory - opening inventory

Production budget = 39,000 + 100 -200 = 38,900 units

Labour budget = $14.50× 3.5× 38,900 = $1,974,175

Labour budget = $1,974,175

6 0
2 years ago
If you are planning to carry a large balance on your credit card,following credit card features should you look for
Pani-rosa [81]
Lots of credit card rewards.
7 0
2 years ago
Parton Company, a manufacturer of snowmobiles, is operating at 80% of plant capacity. Parton's plant manager is considering maki
ira [324]

Answer:

The answer is: a

Explanation:

The Parton Company has a 'make or buy' decision. This decision involves analysing the incremental costs associated with each option. Incremental costs are costs incurred as a result of producing one more unit of a product. If the excess capacity can be utilised to produce the headlights at a lower cost than the cost of acquiring the headlights from an external supplier, then the company should produce the headlights.  

The Parton Company incurs $12.80 per headlight purchased from the external supplier. Added to this cost, are the existing costs of operating below plant capacity. If making the headlights in the manufacturing plant yields a positive contribution to fixed costs, then the Parton company should produce the headlights in the manufacturing plant.

By producing the headlights, the Parton company gains a contribution to fixed costs of $1.03 per headlight.

Foregone purchase costs from supplier:                          $12.80

Incurred costs (directly) from production:                        ($11.77)

Direct materials                                                                     ($4.45)

Direct Labour                                                                         ($3.45)

Manufacturing Overheads: $(6.45*0.6)                               <u>($3.87)</u>

Net gain per headlight                                                           <u> </u><u>$1.03</u>

6 0
3 years ago
Natural rate. the natural rate of unemployment in europe is normally twice and at times three times that of the usa. can you exp
Stels [109]

The unemployment charge is the critical indicator which could degree the price of unemployed humans inside the overall labor pressure of the economy.

The unemployment rate would bring about the quantity of people unemployed inside the economy. The unemployment would also have a change off with inflation and is known as philips curve. The unemployment could bring about the fraction of people unemployed inside the economy.

The natural fee of unemployment would be the unemployment level at the whole employment degree in the financial system. The natural fee of unemployment would result in the sum of frictional and the structural unemployment within the economic system.

The increase in the frictional unemployment would result in the increase inside the herbal rate of unemployment as humans might also shift to higher research leaving job or can be unemployed in the transition whilst moving from one process to any other. thus, growth inside the frictional unemployment might bring about the growth in the unemployment within the economic system thereby growing herbal price of unemployment.

Learn more about unemployment here :- brainly.com/question/305041

#SPJ4

7 0
1 year ago
Which action is an example of the United States using economic influence as a tool of foreign policy?​
yan [13]

Answer:

Econimy Can use alot of help by influencing more things for their city.

Explanation:

Is there an option tho?

7 0
3 years ago
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