Answer: 17 points
Explanation:
The Opportunity cost in this case is the amount of points that Jose has to forgo for picking one alternative.
If Joe had picked strategy B which would give Jose 90 points on statistics then that means that Jose would not have picked strategy A which gave a 94 in Economics.
Therefore instead of getting a 94, Jose would get a 77. The opportunity cost is therefore;
= 94 - 77
= 17 points
Answer:
$8,500
Explanation:
The computation of the direct labor cost is given below
The raw material issued should be
= 6,200 + 2,800
= 9,000
The manufacturing overhead applied is 8,300
So, here the amount should be from both work in process and manufacturing overhead
Therefore the remaining amount i.e. $8,500 should be the direct labor cost
Answer:
This is likely to improve Balance of Payment (in direction of surplus)
Explanation:
Balance of Payment is a systematic account of economic transactions of a country, with rest of world.
Any item leading to inflow foreign exchange is recorded as credit transaction, & item leading to outflow of foreign exchange is recorded as debit transaction. Eg : Exports are recorded as credit transactions, Imports are recorded as debit transactions.
BOP is Balanced if : Debit (outflow) transactions = Credit (inflow) transactions ; Deficit if : Debit (outflow) transactions > Credit (inflow) transactions ; Surplus if : Debit (outflow) transactions < credit (inflow) transactions
Quota is non tariff quantitative trade restriction, imposed to discourage imports. Imposition of restrictive quotas on japanese cars reduces their imports. Other things constant, this increases net exports (exports - imports) & hence improves Balance of Payment (in direction of surplus)
The creation of interchangeable parts allowed relatively unskilled workers to complete the production process, which allowed for mass production. Additionally, interchangeable parts made repairs and replacements easier and cheaper.
Solution:
Smooth the pattern as well as the arrangement to get the outlook this year.
S(Week 5) = TAF(Week 5) + alpha*(Actual(Week 5) - TAF(Week 5))
= 75 + 0.5(65 - 75) = 70
S(Week 6) = TAF(Week 6) + alpha*(Actual(Week 6) - TAF(Week 6))
= 65 + 0.5(50 - 65) = 57.5
T(Week 6) = T(Week 5) + beta*(TAF(Week 6) - TAF(Week 5) - T(Week5))
= -5 + 0.1(65 - 75 - (-5)) = -5 + (-0.5) = -5.5
Therefore, TAF(Week 7) = S(Week 6) + T(Week 6) = 57.5 + (-5.5) = 52.0