<span>Maintenance workers have the most vague job description out of all the positions. Every other position has a detailed list explaining all of their duties. However, the maintenance position only lists one sentence of what their duties entail.</span>
Answer: C. . increase the quantity supplied of X and decrease the quantity demanded of X.
Explanation:
If the demand and supply curves for product X are stable, a goverment mandated increase in the price of X will result into the increase the quantity supplied of X and decrease the quantity demanded of X.
This is because when there is a rise in price, the suppliers will be willing to supply more while the consumers will demand less of the product.
Answer:
-$30,250 favorable
Explanation:
labor efficiency variance = (standard quantity - actual quantity) x standard labor cost
- actual quantity = 7,700 hours
- standard quantity = 9.9 hours x 1,000 units = 9,900
- standard labor cost = $13.70
labor efficiency variance = (7,700 - 9,900) x $13.70 = -$30,250 favorable variance
the variance is favorable, because less hours were actually used than forecasted
I believe it is A
a monopoly is when a company owns all the companies in that buisnesses
Answer:
d. the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.
Place more oil on the market this year, shifting the curve rightward.
Explanation:
1. In the given scenario the government is willing to give home-construction companies $10,000 for every house that they build.
This will result in more willingness on the part of the construction companies to build more houses.
More houses built means more income coming in from the government.
Therefore the supply curve of home building will shift to the right.
2. When oil producers expect prices of oil to increase in the next year, there is a need to control oil prices by increasing availability of oil in the market.
Increase in price results from a scarcity of oil. So to mitigate this excess oil is supplied to control price increase.
This action will shift the curve rightward.
