Answer:
$1.50
Explanation:
Predetermined Overhead Rate = Estimated Manufacturing Overhead Cost / Estimated Units of the Allocation Base for the Period
Predetermined Overhead Rate = $1,500,000 / $1,000,000
Predetermined Overhead Rate = $1.50
Answer:
False
Explanation:
A call provision entitles the issuer of the bond the right to call or demand repayment of the bond. Bondholders do not have the right to call the bond. If bondholders do not want to hold the bond anymore they can just sell it on the secondary bond market.
Answer:
80
Explanation:
To get the economically efficient level of production of the good, we will sum up the demand for consumers and equate them to the marginal cost of the public good.
Note that the economically efficient level of output occurs where MSB = MC on the graph. Therefore, since MSB = MC occurs where all the three consumers are in the market, then we'll have;
(60-Q) + (100-Q) + (140-Q) = 60
Expand the brackets
60-Q+100-Q+140-Q = 60
Collect like terms and sum up
300-3Q = 60
3Q = 300-60
3Q = 240
Q = 80
Therefore, the economically efficient level of the production of the good is 80
Check your bank account to make sure there are not transactions you have not made
Answer:
$105
Explanation:
In a perfectly competitive market, all suppliers and all consumers are price takers. That means that no one has enough market power to either raise or lower the price.
This means that the marginal revenue obtained by selling 15 more packages = 15 packages x $7 = $105
In a perfectly competitive market, the demand curve is perfectly elastic or horizontal at a given market price.
