Answer:
Part 1
The electricity cost, which varies in relation to machine hours is $0.50
Part 2
The Cost function will be :
$300 + $0.50 X
Explanation:
High-low method is used to separate the variable and fixed cost element of a mixed cost or semi variable expense.
Step 1 : Determine the variable cost
Variable Cost = ($750 - $500) ÷ (900 - 400)
= $0.50
Step 2 : Determine the fixed cost
Total Cost = Variable Cost + Fixed Cost
hence,
Fixed Cost = Total Cost - Variable Cost
using the high point to substitute in the formulae we get :
Fixed Cost = $750 - ($0.50 x 900)
= $300
thus,
Total Cost = $300 + $0.50 x
Answer:
Excludable from Burr's gross estate
Explanation:
Buy-sell" agreements are excludable from a decedent's estate provided the agreement:
1) is a bona fide business agreement;
2) is not a device to transfer property to the decedents family for less than full and adequate consideration; and
3) has terms similar to those entered into by persons in arm's length transactions.
As the "buy-sell" in this case meets the requirements for being excludable from the decedent's estate, the insurance proceeds will be excluded from Burr's estate upon Burr's death.
Answer:
It increases voluntary exchange by encouraging other countries to be less self-sufficient
Explanation:
Answer:
e. Samantha, who quits her job to look for a better one
Explanation:
This is a topic in economics and business that seeks to test your understanding of business cycles. This particular question is on frictional unemployment.
The main feature of frictional unemployment is that there is someone or a group of people who are actively looking for work. They remain unemployed until they find work.
The other answers in the question point to people who are not looking for work and thus do not make up part of the frictionally unemployed population group.
E.g Sylvia quit her job to spend more time with the kids, the college student who quit work to return to school etc... all these are not actively looking for job.
I hope this helps you understand the question better and you can solve similar questions