The way that the market supply curve is derived from the supply curves of individual producers is by horizontally adding the individual supply curves.
<h3>How is the market supply curve estimated?</h3>
The market supply curve is estimated by adding up all the individual supply curves in the market. This therefore shows the total amount os supply for a good or service in the market.
The way that this addition is done is by horizontally adding the supply curves. What this means is that the quantities that are being offered by each individual suppliers at the various prices in the market, are added up to come up with the market supply curve.
Options for this question are:
- a. finding the average price at which sellers are willing and able to sell a particular quantity of the good.
- b. vertically summing individual supply curves.
- c. finding the average quantity supplied by sellers at each possible price.
- d. horizontally summing individual supply curves.
Find out more on the market supply curve at brainly.com/question/26430220
#SPJ1
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Activity cost pools:
Direct labor $ 10 per direct labor-hour
Machine processing $ 3 per machine-hour
Machine setups $ 45 per setup
Production orders $ 150 per order
Shipments $ 115 per shipment
Product sustaining $ 750 per product Activity
Total Expected Activity K425:
Number of units produced per year 200
Direct labor-hours 1,075
Machine-hours 2,400
Machine setups 13
Production orders 13
Shipments 26
Product sustaining 1
Total Expected Activity M67:
Number of units produced per year 2,000
Direct labor-hours 50
Machine-hours 40
Machine setups 1
Production orders 1
Shipments 1
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH K425= 1,075*10 + 3*2,400 + 45*13 + 150*13 + 115*26 + 750= $24,225
Allocate MOH M67= 10*50 + 3*40 + 45*1 + 150*1 + 115*1= $930
Answer: Option D
Explanation: In simple words, movement along the demand curve refers to the change in the demand of a product due to change in its price. When there is a change due to factors other than price then such change brings shift in the demand curve.
In the movement, the demand of a commodity remains constant with all other factors such as advertising, income of consumers etc.
Hence from the above we can conclude that the correct option is D.
Answer:
4.86%
Explanation:
Given that,
First-class postage for a 1-ounce envelope = 4 cents
On August 1, 2007
A first-class stamp for the same envelope cost = 41 cents
Period, n = 49 years
i = 1.0486 - 1
= 0.0486 or 4.86%
Therefore, the interest rate is 4.86%.
