Answer:
employees are hit hard with a widespread outbreak of the flu.
Explanation:
From the question,we are informed about Flor Company, which uses labor hours to apply overhead to manufacturing, may have increased amounts of underapplied overhead at month-end if employees are hit hard with a widespread outbreak of the flu.
The labour hour is those hours that employee needs to work in order to get his/her hourly wage so if employees are hit hard with a widespread outbreak of the flu then
Overhead (Current expenses uses in the running of that particular business at that time ) will reduce.
Answer:
They may put a firm at a competitive advantage to indigenous competitors
Explanation:
- A trade barrier is a restriction on international trade of import and exports of the products are also called as tariff barriers on imported goods and they include quotas, embargoes, they discourage the free trade and keep the principle of the comparative advantage.
- The main arguments that they help protect the domestic companies, and industries, and the workers.
Inadequate capital. Entrepreneurs do not have enough money to venture into sectors they are willing to.
Marketing strategy. They do not know the best way to advertise their products.
It takes days or weeks to get the right people to work for you.
<span>We know that the price index has increased from 100 to 102.5 . Then we have that the GDP deflator is 102.5 . Then the real gross domestic product is equal to the nominal gross domestic product divided by the GDP deflator. Then we have that the real gross domestic product is equal to $2,800 / 102.5 = 27.317</span>
Answer:
1. Demand would REMAIN THE SAME.
Demand would not change as we are told that demand is relatively inelastic.
2. Supply of oranges will DECREASE.
The hurricane destroyed half of the orange crop. This means that there will be less oranges to sell in the market so the supply will reduce.
3. Market Price of Oranges will RISE
With the supply decreasing and the demand remaining the same, the supply curve will shift left and the new equilibrium will be a higher market price to account for the scarcity.
4. Market Quantity will DECREASE
As the supply to the market decrease, the Quantity available in the market will decrease as well.
5. Total Revenue will RISE.
When market prices rise for a commodity with inelastic demand, total revenue will invariably rise.
