Answer:
Raising the minimum wage paid to workers
Explanation:
Standard of living, is based on two concepts
- the resources you hold to exchange
- the resources society holds in exchange of your resources.
When the wages of workers are increased then, the resources with labors increases,
but that will not increase the resources as offered by the society, and as the main action for increasing the standard of living, the resources in the form of technology, training, etc: shall be increased.
Answer:
$256,284
Explanation:
The computation is shown below:
First, Calculate the predetermined overhead rate per hour which equals to
= (Estimated manufacturing Overhead cost ÷ estimated machine hours)
= ($235,900 ÷ 20,800 hours)
= $11.34 per hour
So, the applied overhead or manufacturing overhead allocated equals to
= Predetermined overhead rate per hour × actual machine hours
= $11.34 per hour × 22,600 hours
= $256,284
Answer:
The correct answer is option B.
Explanation:
In a perfect competition firms are price takers and have only normal profits. On the contrary, a monopoly firm are price makers and can have positive profits.
The consumer surplus gets reduced in monopoly and the producer surplus is greater. The profits in the monopoly firm shows the transfer of surplus of benefits from consumers to the producer.
So, option B is the correct answer.
Medicare coverage outside the United States is limited.
mostly, Medicare won’t pay for health care or supplies you get outside the U.S.
The term “outside the U.S.” means anywhere other than the 50 states of the
U.S., the District of Columbia, Puerto Rico, the U.S., Guam, American Samoa,
and the Northern Mariana Islands, Virgin Islands.
Answer:
- 13,500,000 ounces of oatmeal
- 37,500 labor hours
Explanation:
1. Total amount of oats allowed for the actual output:
= Cartons of oatmeal produced * Oatmeal per carton
= 750,000 * 18
= 13,500,000 ounces of oatmeal
2. Labor hours allowed for actual output:
= Cartons of oatmeal produced * Labor hours required
= 750,000 * 0.05
= 37,500 labor hours