Answer:
Income = $30,000
Explanation
<em>Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product </em><u><em>with he highest contribution per unit of the scare resource</em></u>
Product Cont/unit machine hr /unit cont/hr Ranking
A $8 2 hrs $4/hr 2nd
B $18 3 hrs $6/hr 1st
<em>Hence the company should allocate the resource to the product B</em>
<em>Hence the total contribution</em>
= 5000 hrs × $6 per hr.
= $30,000
Income = $30,000
Answer:
a. The services of a commercial painter in painting the family home.
No, Not Included , As no monetary/payment transaction is involved for service provided.
b. An auto dealer’s sale of a new car to a non-business customer.
Included , As the sale of car has happened to the final consumer
c. The money received by Smith when she sells her biology textbook to a used-book buyer.
Not included , as nothing new is produced in the economy
d. The publication and sale of a new economics textbook.
Included , As new books are produced in the economy
e. A $2 billion increase in business inventories.
Included, as this new inventory is produced during this year.
f. Government purchases of newly produced aircraft.
Included , As it's production took place this year and government is final consumer.
Answer:
D) Whether most of the farmers who tried the genetically modified corn last season applied more insecticide than was actually necessary
Explanation:
In order to evaluate this argument, we must first determine the cost equation for corn farmers:
profit = revenue from corn - total costs of producing corn
the total costs of producing corn include coth the price of seeds and pesticide.
Since the price of the seeds is much higher, it can only be offset if the amount of pesticide used was lower. But did the farmers that participated in the research study used the correct amount of pesticide during the last years would be crucial to determining the real impact of the new genetically modified seeds. If the farmers used too much pesticide in the previous years just in case, would mean that the actual use of pesticide should have been less and the costs increase when using the new seeds.
If in the short run, firms in monopolistic competition make an economic profit, new firms will enter the market.
A firm is a for-profit business organization—such as a company, limited liability company (LLC), or partnership—that provides skilled services. Most companies have only 1 location.
Companies during a monopolistic competition build economic profits within the short run, however within the long-standing time, they create zero economic profit. The latter is additionally a result of the liberty of entry and exit within the trade. Restaurants, hair salons, home items, and clothing are examples of industries with monopolistic competition.
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Answer:
Ex-dividend date is 1st April 2010
The last day to purchase the share and still get the dividend proposed is 31st March 2010
Explanation:
The standard is that ex-dividend is two business days before the record date,giving a record date of April 5,2010 which is a Monday,it implies that the 4th Sunday and 3rd Saturday are not considered in the analysis.
Hence the ex-dividend is Thursday 1st of April 2010,as a result,for any shareholder to be entitled to this dividend he or she must have purchased the share of ABC corporation by 31st March 2010, a day before the ex-dividend date.
