Answer:
Explanation:
Calculation of materials budget for 2012
Budgeted production units (A) 17,700
Material Required per unit (Yards) (B) 7
Total Material required (C) = A*B (Yards) 123,900
Add: Desired Ending material inventory 5,400
Less: Beginning Material inventory (4,870)
Material to be purchased (Yards) 124,430
Price Per yard $4
.70
Cost of Material to be purchased $584,821
Answer:
Option C, An decrease in the price of golf balls, is the right answer.
Explanation:
Option “C” is correct because as per the law of demand, the price of a commodity and its demand are inversely related to each other. If the price increases, then the demand for the commodity falls. If the price of the commodity falls, then the demand increases. Similarly, in the case of golf balls, when its price decreases then this decrease in price will result in an increase in demand for golf balls.
Answer: $225
Explanation:
Deadweight loss is caused by inefficient allocation of the resources or when both the supply and the demand for a product aren't in equilibrium.
The deadweight loss will be calculated as:
= 1/2 base × height
= 1/2 × 15 × 30
= $225
