<span>This is a true or false question that often shows up on business related tests. The answer: true. Bosses who micromanage things often have employees who are frustrated and unhappy. In many cases, they feel undervalued and that they are not trusted to handle tasks without direct supervision from the boss. Companies that have a boss who is a micro-manager usually have a high turnover rate.</span>
Answer:
Manufacturing overhead= $59,000
Explanation:
<u>Manufacturing overhead refers to indirect factory-related costs that are incurred when a product is manufactured.</u> We need to identify the indirect costs incurred in production. It includes the <u>depreciation</u> of factory equipment.
Manufacturing overhead= Utilities, factory + Indirect labor + Depreciation of production equipment
Manufacturing overhead= 9,000 + 25,000 + 25,000
Manufacturing overhead= $59,000
The quantity of real GDP supplied depends on the quantity of labor employed, the quantity of physical and human capital, and the state of technology
Option C
<u>Explanation:
</u>
The production of real GDP depends on the labor market; on money, human capital and technical state; on land and natural resources; on creative ability.
It is the cumulative amount of finished product and service that U.S. companies intend to manufacture. It depends on how much labor, money, human capital and technical requirements as well as on land and natural resources and market expertise is hired.
When all other effects on output schedules remains constant, the relationship between the amount of actual GDP provided and the level of prices will continue. It occurs if, at the crossroads of the AD and AS curvature, the amount of real GDP demanded is the same.
Answer:
True
Explanation:
The <em>Substitution Effect</em> is the effect on the demand of a certain product because of variations of the prices of the product or the income of households. The concept illustrates how quantities demanded of a product decrease as the population find other products to substitute it.
Answer: Option (b) is correct.
Explanation:
In a monopoly market condition, there is a single firm operating in a market and it is a price setter. Monopolist have the capability to earn abnormal profits in the short run as well as in the long run.
The price that is set by the monopolist can't be influence by the other firms because there is a high barriers to entry into the market. Hence, monopolist may earn profits in the short run and may also earn economic profits in the long run.