Answer:
What is the question?
Explanation:
I suppose that is if it is profitable to hire the new worker, according to microeconomics this decision must be based in something called marginal income and must be compare with the marginal cost because they can increase the income but not the profit depending of the cost of the new worker.
Answer:
Total fixed overhead variance: $
Standard fixed overhead cost ($2 x 62,000 units) 124,000
Less: Actual fixed overhead cost <u>98,000</u>
Total fixed overhead cost <u> 26,000(F)</u>
Fixed overhead rate = <u>Budgeted fixed overhead cost</u>
Budgeted output
= <u>$104,000</u>
52,000 units
= $2 per unit
Explanation:
Total fixed overhead variance is the difference between standard fixed overhead cost and actual fixed overhead cost. Standard fixed overhead cost is equal to standard fixed overhead rate multiplied by actual output.
Answer:
price $65
Explanation:
given data
total output = 1,000 units per week
Average Price = $70 per unit
Average Variable Cost = $25
Average Cost = $65
solution
we have given average cost is $65
so here firm consider for shutting down in long run price is here $65
because when the firm price go below to $65
then the firm simply exit here industry
so answer is price = $65
When a business's strategies and technology are able to become entangled, this is called <u>Technology integration. </u>
<h3>What is technology integration?</h3>
- Refers to the process of aligning a business's strategies with its available technology.
- This allows for increased efficiency to achieve organizational goals.
When Spyder Corporation's technology was entangled with its business strategies, this allowed for technology integration that will contribute to the success of their business.
Find out more on benefits of technology at brainly.com/question/1162014.
The quantity of bran consumed will rise by exactly 5,000 bushels
.
<u>Explanation:
</u>
A small cost increase in ideally Elastic demand leads to a reduction in demand to zero, while a small price decline allows demand to grow to infinity. The demand is in this case completely elastic.
Elastic demand is the same when the energy storage is higher and the price increases proportionately less. Inelastic production is the other where demand changes are comparatively less and the price changes are more pronounced.
The sum of demand elasticity helps define a request curve's shape and pitch. The slope of the demand curve may, therefore, evaluate the elasticity of demand.
