Answer:
The given statement is false.
Explanation:
A decrease in the market demand will cause the demand curve to shift to the right. While a decrease in the supply will cause the supply curve to shift to the left.
The market equilibrium price is determined by the intersection of demand and supply. The price, as a result, will increase. The extent of increase in price depends on the magnitudes of change in demand and supply.
The change in equilibrium quantity, however, in this case, is unpredictable without knowing the extent of changes in demand and supply.
Answer:
A) the underapplied overhead is $1,000
Explanation:
The computation of the under applied or over applied is as follows;
Actual Overhead $38000
Overhead e Applied (18,500 × $2) $37,000
Underapplied $1,000
Since the actual overhead is more than the overhead applied so it would be underapplied overhead
hence, the underapplied overhead is $1,000
The same is to be considered
Answer:
(196.97,187.03)
Explanation:
Formula for Confidence interval is : avg repair bill (a) ± (Z×SD)÷√(sample size)
average repair bill (a) = $192
Z at 98% confidence level = 2.326
Sample Size = 14
Standard Deviation (SD) = $8
Confidence Interval = 192 ± 2.326*8÷√(14) = {(192 + 4.97),(192 - 4.97)} = {196.97,187.03}
The average score is 91.4%
Answer:
b.) The team's costs to increase
Explanation:
Nominally, revenues will be the same in Canadian dollars, because the Canandian dollar has become weaker against the U.S. dollar, but that does not necessarily mean that it has lost value in Canada itself.
However, now the NHL team will have to change more Canadian dollars for the same amount of U.S. dollars in order to pay its players, causing the team's wage costs to rise.