Answer:
The answers are S1 where S1 is supply curve that has the potential to move to S2 and Quantity Supplied
Explanation:
Referring to the diagram below, an increase in supply occurs when the supply curve shifts to the right as shown in diagram below. The original demand and supply curves equal D1 and S1, respectively. Thus, the original equilibrium equals E1, with a price and quantity equal to P1 and Q1 respectively. However, when the supply increases to S2, the market moves to a new equilibrium, E2, with equilibrium price decreasing to P2 while equilibrium quantity increases to Q2.
What is equilibrium: In economics as the may be, equilibrium is the circumstance in which market forces such as demand and supply are balanced. That is, there is an absence of external influences on the values of economic variables therefore making the process unchanged.
Answer:
people starting and operating small businesses
Explanation:
In business terms, SBA stands for Small Business Administration.
This is a government agency that was formed in 1953 with the purpose of providing small scale entrepreneurs with various types of supports. Such as education about how to operate a business, small loans as their beginning capital, etc.
The government created this administration to encourage production of goods that stimulate the growth of the nation's Economy.
Answer:
The correct answer is option (c) $264 underapplied
Explanation:
Given data;
Direct labour hour = 22160
Total Manufacturing overhead cost= $585,024
Actual direct labor hour = 22150
Actual Manufacturing overhead cost = $585024
Calculating the Predetermine overhead rate using the formula;
Predetermined Overhead rate=Total Overhead Cost/Total Direct Labor Hour
Predetermined Overhead rate = $585024/22160
=$26.4 per labor hour
To determine the under-applied amount of overhead cost, we use the formula;
Under−Applied amount= Estimated Overhead Cost*Actual Overhead Cost
Substituting into the formula, we have
(22150*26.4)-585024
Under applied = $ 264
They can be easily swallowed by children and can also be toxic. It sometimes happens that they break and release their contents,contaminating the toys and making them unsafe for further use.
