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kati45 [8]
3 years ago
8

According to the consumer bill of rights, the idea that consumers' interests should receive full and sympathetic consideration i

n the formulation of government policy is known as the right to:______
Business
1 answer:
Serga [27]3 years ago
3 0

Answer:

right to <u>the consumer</u>.

Explanation:

According to the customer bill of rights, in this doctrine the consumers' enthusiasm should obtain adequate and compassionate deliberation in the formulation of the government strategy is identified as the right to<u> the consumer</u>. Proceeding from March 15 the year 1962, President John F. Kennedy portrayed a conversation to the Congress of the US in which the president extolled 4 fundamental customer powers, following described as Consumer Bill of Rights. The UN by the UN guide-manual for Consumer Protection extended those into 8 equities, and consequently, Consumers International affirmed those equities as law and began identifying on 15 of the March as World Consumer Rights.

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The Talbot Corporation makes wheels that it uses in the production of bicycles. Talbot's costs to produce 110,000 wheels annuall
Anna [14]

Answer:

Indifferent Purchase price per wheel = $123,200/110,000 = $1.12

Explanation:

Provided that:

Number of wheels produced: 110,000

Cost for these wheels in case of manufacturing

Direct Material = $22,000

Direct Labor = $33,000

Variable Manufacturing Overhead = $16,500

Fixed Manufacturing Overhead = $59,000

Total Cost = $130,500

Rate of outside supplier = $0.80

Then total cost in case of purchase = Purchase cost + Unavoidable fixed cost - Rent Revenue

= $0.80 \times 110,000 + ($59,000 - $14,000) - $37,700

= $88,000 + $45,000 - $37,700

= $95,300

since net effect of buying the wheels is a gain of $130,500 - $95,300 = $35,200

Thus the wheels shall be bought and not manufactured.

The price at which the buying and manufacturing option will be indifferent shall be:

Purchase Price + Unavoidable Fixed Cost - Rent Revenue = Manufacturing cost

Purchase Price + $45,000 - $37,700 = $130,500

Purchase Price = $123,200

Purchase price per wheel = $123,200/110,000 = $1.12

7 0
2 years ago
On hot summer days, electricity-generating capacity is sometimes stretched to the limit. At these times, electric companies may
anygoal [31]

Answer:

b. excludable and rival in consumption

Explanation:

For categorizing the goods as private or public, the two terms we need to understand i.e.  rivalry and excludability

The rivalry refers only one person could consume it no other has the right to consume the same thing

While on the other hand, the excludable arise when you stop someone from using a particular thing

So here in the given case, the option b is most appropriate as it is fit to the scenario

8 0
3 years ago
He Wall Street Journal reports that the rate on three-year Treasury securities is 4.75 percent and the rate on four-year Treasur
Volgvan

Answer:

1 +1R4= {(1 +1R3)(1 + E(4r1) +L4)}1/4

1.0500 = {(1.0475)^3(1 + 0.0525 +L4)}1/4

(1.0500)^4= (1.0475)3^(1 + 0.0525 +L4)

(1.0500)^4/(1.0475)^3= 1 + 0.0525 + L4

(1.0500)4/(1.0475)^3-1.0525

L4= .0050358564 = 0.504%

4 0
3 years ago
What information is the buyer entitled to?
erastovalidia [21]

Answer:

notbuiseness

Explanation:

7 0
2 years ago
Blank describes the practice of products and services traded between countries around the world.
Mamont248 [21]

Global Trade

This is the exchange of goods and services across international borders - international/global trade typically represents a large portion of a country's GDP.

8 0
2 years ago
Read 2 more answers
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