Answer:
C.
standards for the basic minimum wage and overtime pay
Explanation:
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Answer:
time limitations in limited marginal utility; limited income and wealth
Explanation:
Demand curves intersect the quantity axis due to time limitations in limited marginal utility, which explains the second law of demand – the lower the price, the higher the quantity demanded. While it intersects the price axis due to limited income and wealth, which also explains the second law of demand – the higher the price, the lower the quantity demanded.
The marginal utility of a consumer is limited, because, the more of the goods consumed, the amount of satisfaction derived decreases. Hence, the demand curve intersects the quantity axis, indicating the point when the consumer derives no more satisfaction from the consumption of that good.
On the other hand, as a result of limited income of the consumer, it would come to a point when the consumer will not be able to purchase any quantity of the goods as the price increases. The point at which the demand curve intersects the price axis, indicates he point where the consumer income cannot purchase any quantity of the goods.
Answer:
Fixed Factory Overhead Volume Variance = $10,000 Unfavorable
Explanation:
Provided information we have,
Fixed Overhead standard = $2 per labor hour
This is based on maximum output of 30,000 labor hours.
Since actual hours = 25,000
Standard overhead = 25,000 
$2 = $50,000
Actual Fixed Overhead = $60,000
Thus Fixed Factory Overhead Volume Variance = (Standard Overheads to be applied - Actual Overheads Applied)
= ($50,000 - $60,000)
= -$10,000
As we see the value is negative because actual overheads are more than the standard thus, it is unfavorable.
Fixed Factory Overhead Volume Variance = $10,000 Unfavorable
Answer:
The two types of market structure, monopoly, and monopolistic competition, generate essentially the same two types of market inefficiency:
Charging prices higher than marginal cost, meaning that consumers pay a higher price than they would otherwise in a perfectly competitive market.
Producing a smaller amount of output that in a perfectly competitive market.
The difference is in the degree of the inefficiency: monopolies are more market inefficient, and cause more harm to consumers, while monopolistic competition is a less inefficient market structure, and only causes marginal harm to consumers when compared to the hypothetical results of a perfectly competitive market structure.
Answer:
Business process automation is the use of technology to execute recurring tasks or processes in a business where manual effort can be replaced. It is done to minimize costs, increase efficiency, and streamline processes.
Explanation:
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