Answer:
True
Explanation:
In Microeconomics, there is a correlation between offer and demand. If the market demand stays the same, in a competitive industry expanding its demand other suppliers will come into the game.
So, in the long run. Prices will end up to fall as a result, until it stabilizes on average.
Answer:
A. 0.9x + 0.3y ≤ 10,000
Explanation:
Given
oil based plant
water based plant
The data can be represented in tabular form as:
Considering only A, we have the following constraints:
Since the company currently has 10000 of A.
The above constraint implies that, the mixture cannot exceed 10000.
So, we have:
<em>Hence, (A) is correct</em>
Answer:
$13,739.13
Explanation:
To determine the amount that Jackson borrowed today, we have to find the present value of $16,700
PV = FV (1 + r)^-n
FV = Future value
P = Present value
R = interest rate
N = number of years
$16,700 (1.05)^-4 = $13,739.13
I hope my answer helps you
Answer:
Actual price= $1.6 per unit
Actual price= $3.2 per set
Explanation:
<u>To calculate the actual price, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
400= (1.8 - actual price)*2,000
400= 3,600 - 2,000actual price
2,000actual price = 3,200
actual price= $1.6 per unit
