Answer:
c. supply of bicycles will shift to the left.
Explanation:
If the minimum wage is increased, the cost of hiring labour increases and this increases the cost of production. The increase in the cost of production makes producers reduce supply in a bid to cut down cost.
A reduction in supply leads to a leftward shift of the supply curve.
I hope my answer helps you
Answer:
it refers to cost of something and its worth manship
<span>Discounters like Target and Walmart use a price value strategy that suggests the offer the best quality for that particular price level. The price value strategy sets the primary price, but it is not an exclusive price, and is set according to the perceived value of products and services to the customers that shop there.</span>
Answer:
Correct answer is option d
Overhead cost per unit
Product X100 = $825
Product Z300 = $1400
Explanation:
Overhead cost per unit = (OAR × machine hours/labour hours per unit)
<em>Each product would be charged for overhead in each department using the overhead absorption rate applicable in each department</em>
Overhead cost per unit X100:
($50×15) +($15 × 5) = $825
Overhead cost per unit Z300
($50×25) +($15 × 10) = $1400
Company B will more than likely offer 33,000 because they are willing to go above 5000 dollars in negotiations. The other company is only willing to negotiate up to 1000.
