Answer:
The correct answer is "substitution effect"
Explanation:
When the price of a good or service rises, and the consumers change into a cheaper product with similar characteristics; immediately the market experiencing a decrease in sales for these changes; That phenomenon is called substitution effect.
For Example:
When the chicken price increases, the consumers prefer to consume pork; Immediately the chicken sales decrease for this decision. That is called a substitution effect.
Long jobs may be continuously pushed back in favor of shorter jobs is a drawback of the spt dispatching rule.
What is SPT?
The standard penetration test (SPT) is a dynamic in-situ penetration test used to determine the geotechnical engineering parameters of soil. This is the most common subsurface exploratory drilling test performed around the world. ISO 22476-3, ASTM D1586, and Australian Standard AS 1289.6.3.1 all outline the test technique. The test produces samples for identification as well as a measure of penetration resistance that can be used in geotechnical design. For geotechnical engineering reasons, there are numerous local and extensively published international correlations that relate blow count, or N-value, to soil engineering parameters.
Long-duration work may be continually pushed back in priority in favor of short-duration jobs, which is its main drawback.
So, the right answer is A.
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Answer:
Total manufacturing overhead cost will be closest to 61,340
Explanation:
As we can see there is not step-up fixed cost that is no additional fixed cost will incurred upon producing extra units, therefore fixed cost will remain same that is 37,820.
Variable overhead cost will increase with increase in units therefore, variable cost for producing 14,700 units will be 1.6 x 14,700 = 23,520.
To find total overhead cost we will simply add fixed and variable overhead cost:
Total overhead cost = fixed overhead cost + variable overhead cost
Total overhead cost = 37,820 + 23,520
Total overhead cost = 61,340
In Russia, their workers are not usually free to use their own judgement especially the time when they are making decisions. Most of the time, the culture of Russia is being characterized by a distance that is a low power. But the Russia is very high nature individually.
Answer:
* The present value (at age 30) of retirement savings is $46,982.
* Amount expect when retiring: $959,089.
Explanation:
* The present value (at age 30) of retirement savings:
The contribution that is made on the 31st birthday = 31 years old salary * 8% = 30 years old salary * 1.04 * 8% = 35,000 * 1.04 * 8% = $2,912.
We apply the formula for calculating the present value of growing annuity to determine the present value of retirement savings at age 30:
[2,912 / ( 9% - 4%)] * [ 1 - [(1+4%)/(1+9%)]^35 ] = $46,982.
* Amount expect when retiring:
We apply the formula for calculating the future value of growing annuity to determine the future value of retirement savings at age 65:
[2,912/ (9% - 4%) ] * [ 1.09^35 - 1.04^35 ] = $959,089
