Answer:
$2,925 Unfavorable
Explanation:
The computation of direct labor rate variance is shown below:-
Actual rate = Direct labor cost ÷ Actual direct labor hours
= $5,250 ÷ 150
= 35
Direct labor rate variance = (Selling rate - Actual rate) × Actual hours rate
= ($15.50 - 35) × 150
= -$19.5 × 150
= $2,925 Unfavorable
Therefore for computing the direct labor rate variance we simply applied the above formula.
Answer:
E. might rise or fall depending on whether the monopoly's marginal revenue curve lies above or below its demand curve.
Explanation:
In monopoly, the supply rule is the way how the farm will decide the price to sell the products in the market. This rule is simple, the price will be set where the demand curve cross the marginal revenue function, and not as perfect competition, where demand and supply demand cross. In monopoly the quantities are less thant perfect market situation, and the price is higher.
Answer:
b. Market share ratio
Explanation:
When the sizes of firms of a particular sector/market are being compared, a common basis for comparison is on the basis of total sales, a larger firm will have a higher ratio of total sales in the sector.
The "concentration ratio" is derived from the market shares. It gives the sum of market shares of the few largest firms in the sector, and is a measure of market power. It is not the correct choice in this case.
<span>Consumers are willing to purchase a product up to the point where the marginal benefit of consuming a product is equal to its price.
</span>The term marginal benefit denotes the<span> benefit to a consumer receives from consuming one more unit of a good or service.
</span><span>On the other hand, marginal cost is the additional cost to a firm of producing one more unit of a good or service.</span>
