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ivanzaharov [21]
3 years ago
13

The standard time for producing one unit of work in a job paying $12.75 per hour was set at twelve minutes. The piece rate would

be ____ per unit. a. $2.55 b. $2.95 c. $1.95 d. $3.15
Business
1 answer:
aalyn [17]3 years ago
7 0

Answer:

The right answer is option (A).

Explanation:

According to the scenario, given data is :

Time required for one unit = 12 Min

Payment for job =  $12.75 / Hour

So, payment for job per minute = $12.75 / 60 = $0.2125 / minute

Hence, Rate per piece = rate/minute × time required for one unit

= $0.2125 × 12

= $2.55

Hence the most appropriate answer is option (A).

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The ________ states that it can be beneficial for two countries to trade without barriers as long as one is relatively more effi
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Answer:

Comparative Advantage

Explanation:

The assumption of Comparative Advantage theory is that there is no barrier.

It is explained in the model that if each country focuses on what it does best relatively then both countries together can produce more of each good/service using all their labor.

Then they can trade with each other and benefit. (To trade they must produce what the other need)

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Shen has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Valerie,
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Answer:

3. Correctly ignored a sunk cost

Explanation:

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In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.

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3 years ago
Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and fl
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Answer: Market allocates goods effectively.

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Ordinary repairs meet all of the following criteria except: Multiple Choice Are expenditures to keep an asset in good operating
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Answer:

The correct answer is letter "B": Extend the useful life of an asset beyond its original estimate by several years.

Explanation:

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. Costs that the manager has the power to determine or at least strongly influence are called: Question 5 options: A. Uncontroll
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Answer:

B. Controllable costs

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