<span>A result of the intensity and magnitude of the hurricane it damaged the pipeline. Gasoline distributors affected the prices because of the loss of supply and the unstable transportation or delivery. Stability of prices or equilibrium was achieved after reconstruction and changes that had transpired. Expected prices hikes on products would also be seen afterward.
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Is the monetary costs a firm pays out and the revenue a firm receives. It is the bookkeeping profit<span>, and it is higher than economic </span>profit<span>. </span>Accounting profit<span> = total monetary revenue- total costs.</span>
Answer:
The correct answers are:
a) Family owned restaurant
b) A manufacturer of cars
c) A company that invented a very comfortable razor
Explanation:
First of all, the family who owned a restaurant will be the one that would most likely engaged in advertising due to the fact that they provide a service that has to be known for the people of the community around the place and all the tourists that go that area, meanwhile the other familiy would obviously just sell its products to the better buyer that they could find.
Secondly, the manufacturer of cars would be the one that most likely engaged in advertising due to the fact that they found themselfs in a very competitive and oligopoly market that is the car market and therefore that they highly need to stand out their making them better than the ones from the competitors.
Finally, the company who invented a very comfortable razor would be the one who engaged more in advertising due to the fact that they known they have a better product that the rest of the competitors so they need to take advantage of that and make sure that the consumers know about it and with that they would sell more and therefore invest more in advertising as well.
Answer:
1. $2,296
2. $19.58
3. Total labor cost = Fixed cost + (variable cost × employee hour)
Explanation:
The computations are shown below:
1. The fixed cost would be
= High labor cost - (High employee hours × Variable rate per hour)
= $10,324 - (410 hours × $19.58)
= $10,324 - $8,028
= $2,296
2. Variable rate per hour = (High labor cost - low labor cost) ÷ (High employee hours - low employee hours)
= ($10,324 - $6,800) ÷ (410 hours - 230 hours)
= $3,524 ÷ 180 hours
= $19.58
3. The cost formula would be
Total labor cost = Fixed cost + (variable cost × employee hour)
= $2,296 + ($19.58 × employee hour)
