Answer:
No, it is not a violation of the <em>law of demand</em>, hence why it is a "law."
Explanation:
During summer months, the demand for beach resorts increases. This is <u>different</u> from an increase in <em>quantity</em> demanded. The curve is shifting instead, towards the right, while the supply is stable. Since the demand curve shifts right, the price will increase to restore market equilibrium.
It is best to draw a graph for these questions, and know your demand determinants.
Answer:
$84
Explanation:
The computation of each unit of the company's inventory under absorption costing is shown below:
= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= $12 + $18 + $25 + $29
= $84
We simply added the first four-unit cost through which total unit cost would come
All other information which is given is not relevant. Hence, ignored it
Answer:
$86.67 is the profit maximizing price for the monopolist
Explanation:
In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula
Price= Marginal cost* (elasticity/elasticity+1)
Marginal cost = $65.0065
Elasticity = -4
Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67
Answer:
• The employee’s privacy is an important consideration and payroll workers need to be aware of updated information as it becomes available.
• The Privacy Act of 1974 allows an employee access to their payroll records.
• Review U.S. Department of Labor OCFO-1 or the U.S. Department of Health and Human Services Privacy Act 09-40-0006
Explanation:
The options are:
• Employees of publicly owned companies may have access to each other’s payroll records.
• The employee’s privacy is an important consideration and payroll workers need to be aware of updated information as it becomes available.
• The Privacy Act of 1974 allows an employee access to their payroll records.
• Review U.S. Department of Labor OCFO-1 or the U.S. Department of Health and Human Services Privacy Act 09-40-0006.
The advice that I would give her about privacy laws and payroll are that the privacy of the employee’s is vital and that the payroll workers should always be aware of information that are updated whenever they're available.
Also, the Privacy Act of 1974 allows an employee to be able to access their payroll records. Lastly, they must review U.S. Department of Labor OCFO-1.
Answer:
<u>Laggards are in the late 16 % of the cycle of adoption of the technology.</u>
Explanation:
- As technology adoption is a sociological model that is based on the acceptance of the newer product or innovation that defines the demographic characteristics.
- Innovators, early adopters, early majority and late majority and laggards are all the demographic and psychological group of people that adopt the model based on the consideration as the flip phone are rarely available and they tend to have lower demands in the market hence only fewer companies keep those models.
- Even though selling them at a lower price they are taken up by laggards as these are ones that usually take the flip phones based on their perception and the trends in the market.
