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3 years ago

When supply is higher than demand, prices will

Business

2 answers:

rewona [7]3 years ago

7 0

Answer:

fall until the demand rises.

Explanation:

I just took the test and I hope this helps.

Julli [10]3 years ago

3 0

Whenever supply is higher than demand prices will drop or lower

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Exercises: Decide for the following if they are Economic resource

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Answer:

Explanation:

Fertile agricultural land can be farmed or sold, either way providing economic resources

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3 years ago

Fyodor, a manager of the research and development team of an organization, challenges his subordinates to "think outside the box

nexus9112 [7]

Answer: mental models.

Explanation: A mental model is an explanation of someone's thought process about how something works in the real world and learning a new mental model gives you a new way to see the world. Furthermore, It’s represent the surrounding world, the relationships between its several parts and an individual intuitive perception about his or her own acts and their consequences.

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4 years ago

Information on Kimble Company's direct labor costs for the month of January is as follows:________. Actual direct labor hours 34

Ierofanga [76]

Answer:

Direct labor rate variance= $26,100 unfavorable

Explanation:

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 269,700/34,800= $7.75

First, we need to calculate the standard rate:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

5,600 = (35,600 - 34,800)*standard rate

5,600/800= standard rate

$7= standard rate

Now, the direct labor rate variance:

Direct labor rate variance= (7 - 7.75)*34,800

Direct labor rate variance= $26,100 unfavorable

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3 years ago

Stocks A and B have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f

dimulka [17.4K]

Answer:

Explanation:

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3 years ago

Read 2 more answers

A labor contract provides for a first-year wage of $10 per hour, and specifies that the real wage will rise by 3 percent in the

Deffense [45]

Answer:

The wage per hour must be paid in the second year is $11.021 per hour.

Explanation:

Please find the below for detailed explanations and calculations:

We have the real wage stipulated in the contract must be grown at 3% in second year in comparison to first year.

Thus, the nominal pay rise must grow at the higher rate than 3%, in the way that it may cover the effect from inflation to ensure real rise is 3% as agreed in the labor contract.

As a result: Nominal increase (%) = (1+ real increase rate) x CPI of second year in comparison to first year - 1 = (1+3%) x 1.07 -1 = 10.21%.

=> Wage per hour must be paid in the second year = Wage per hour in first year x ( 1 + Nominal increase) = 10 x (1 + 0.1021) = $11.021.

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3 years ago