Answer:
1] act as an intermediary between those who have surplus funds and those who have deficit funds.
Explanation:
The right answer for the question that is being asked and shown above is that: "supply of university admissions won’t be changed because demand for admission will increase." When the government offers subsidies to state universities that admit students with B averages in high school, supply of university admissions won’t be changed because demand for admission will increase.
Answer:
d. Ken and Paul start a graphic design business together. When Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages.
Explanation:
A general partnership is one where more than two people are involved in the running of a business and each bears an unlimited liability in the obligations of the business.
The partners share profit and losses from the business activities.
The scenario where Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages. Is a perfect example of a general partnership.
Both partners share in the loss that results from business activity.
Answer:
B. $2 per unit
Explanation:
The computation of the price of Y is shown below:
As we know that the condition of the utility maximization i.e ratio of Marginal utility and the price should be matched and equal for both the goods given in the question
For one good
= Marginal utility ÷ price
= 40 ÷ $5
= 8
And, for the other goods
Marginal utility ÷ price = 8
16 ÷ Price = 8
So, the price is $2 per unit
Hence, the correct option is B.
Answer:
Allocated overhead= $43,180
Explanation:
Giving the following information:
Cost of direct materials used $42,600
Cost of goods manufactured $124,200
Cost of direct labor ($30 per hour)= $76,200
Manufacturing overhead cost is allocated at the rate of $17 per direct labor hour.
Allocated overhead= predetermined overhead rate* actual allocation base
Allocated overhead= 17* (76200/30)= $43,180
