Answer:
Option A is correct
OAR = $10.5 per hour
Explanation:
Overhead absorption rate(OAR) = Estimated overhead/Estimated labour hours
Estimated labour hours = (4×1,000) + (3×2,000)=10,000 hours
OAR = $105,000/10,000 hours = $10.5 per hour
OAR = $10.5 per hour
Practical approach is more suitable to Cody Russell in the ethical decision. As in practical approach is more of the knowledge rather than the emotion or utilitarian.
<h3>What is the
difference between the practical approach and utilitarian approach?</h3>
Practical approach is application of the experience and the things which are happened in life, it concentrates on the practice rather than theories.
Utilitarian approach evaluates a course of action in terms of its effects or outcomes, it is the individual deciding for their own utility.
Thus, Practical approach is more suitable to Cody Russell in the ethical decision.
For more details about difference between the practical approach and utilitarian approach, click here:
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Answer:
Perfect Competition meaning & equilibrium condition. Explanation of various cases when Q can be either options.
Explanation:
Perfect Competition market is a market with many buyers & sellers, selling homogeneous products, at identical prices.
Perfect competition firm is at equilibrium, when : Marginal Revenue (MR), ie same as Price (P) = Marginal Cost (MC)
- Suppose TC = 100 + Q^2 , P = 60
Then MC = 2Q . Equalising MC & P, Q = 60 / 2 = <u>30 </u>
- Suppose TC = 100 + Q^2 , P = 80
Then MC = 2Q. Equalising MC & P , Q = 80/2 = <u>40 </u>
- Suppose TC = 100 + Q^2 , P = 100
Then MC = 2. Equalising MC & P, Q = 100/2 = <u>50 </u>
- Suppose TC = 100 + Q^2 , P = 120
Then MC = 2Q. Equalising MC & P, Q = 120 / 2 = <u>60 </u>
I believe the answer might be False
It would make you $7,500
because banks usually pay a person $0.03 for every dollar
250,000 times .03 equals 7,500