What are the two deadly sins of human relations
1 answer:
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Answer: hello your question is incomplete attached below is the missing information
Answer :
$900
$600
<u>Given the new price of $4 by Government </u>
quantity demanded = 400 units
quantity supplied = 150 units
quantity bought and sold = 150 units
- $975
- $150
- $375
Explanation:
Consumer surplus ( area below demand curve and above $300
= Area of triangle = 0.5 * base * height
= 0.5 * 300 ( 12 - 6 ) = $900
producer surplus ( area above supply curve and below $300
= Area of the triangle = 0.5 * 300 ( 6-2 ) = $600
<u>Given the new price of $4 by Government </u>
quantity demanded = 400 units
quantity supplied = 150 units
quantity bought and sold = 150 units
Consumer surplus ( area of triangle + area of rectangle )
= 0.5 * 150 * ( 12-9 )+ L*B
= 0.5 * 150 * ( 3 ) + 150 * ( 9 - 4 ) = $975
producer surplus ( Area of triangle )
= 0.5 * 150 * (4-2) = $150
deadweight loss ( area of triangle )
= 0.5 * ( 300 - 150 ) ( 9-4 )
= $375
Answer:
materials quantity variance: 1,200 unfavorable
Explanation:
std quantity 5400.00
actual quantity 6000.00
std cost $2.00
difference -600.00
quantity variance $(1,200.00)
The difference between standard and actual quantity is negative. We used more pounds than expected, the variance will be unfavorable.
600 extra pounds at $2.00 each = 1,200