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ivolga24 [154]
2 years ago
9

An increase in input prices causes:___________

Business
1 answer:
Svetach [21]2 years ago
5 0

Answer: the market supply to shift inward, driving the equilibrium price higher.

Explanation:

An increase in input prices will result into a rise in the production costs. This will result in a leftward shift of the supply curve.

Therefore, the market supply will shift inward, driving the equilibrium price higher. This simply means that there will be lesser supply of the product and hence, increase in price.

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The Cozy Chair Company believes it can sell 200 chairs at $200 per chair, or 300 chairs at $150 per chair. Using the midpoint fo
rusak2 [61]

Answer:

1.4

Explanation:

Given that

Q1 = 200

P1 = $200

Q2 = 300

P2 = $ 150

Recall that

Midpoint formula = Q2 - Q1/(Q2 + Q1)/2 ÷ P2 - P1/(P2 + P1)/2

= 300 - 200/(300 + 200)/2 ÷ 150 - 200/(150 + 200)/2

= 100/250 ÷ -50/175

= 0.4 ÷ 0.285

= 1.4

4 0
3 years ago
Read 2 more answers
Maggie and her family run a 600 acre farm in the Brazos Bottom. Her two crops are corn(x) and cotton(y). The farm’s revenue func
enot [183]

Answer:

Explanation:

the picture attached shows all the explanation needed

8 0
2 years ago
S4-2 (similar to) Question Help Sally's FurnitureSally's Furniture uses departmental overhead rates​ (rather than a plantwide ov
mr_godi [17]

Complete Question:

S4-2 (similar to) Question Help. Sally's Furniture uses departmental overhead rates​ (rather than a plantwide overhead​ rate) to allocate its manufacturing overhead to jobs. The​ company's two production departments have the following departmental overhead​ rates: Cutting​ Department: $8 per machine hour Finishing​ Department: $14 per direct labor hour Job 112112 used the following direct labor hours and machine hours in the two manufacturing​ departments:

Resources used for Job 112112​

                                Cutting        Finishing

Direct Labor Hours      6               10

Machine Hours            6                7

Requirements:

1. How much manufacturing overhead should be allocated to Job 112112​?

2. Assume that direct labor is paid at a rate of $23 per hour and Job 112112 used $2,400 of direct materials. What was the total manufacturing cost of Job 112112​? 1. How much manufacturing overhead should be allocated to Job 112112​? Calculate the total manufacturing overhead for the job by using a formula for each​ department's overhead amount and then adding both amounts together. First determine the formula and overhead for the Cutting Department.

Answer:

Sally's Furniture

1. Manufacturing overhead allocated to Job 112112:

Cutting department = Machine hour rate x machine hours

= $8 x 6 = $48

Finishing department = Direct labor hour  rate x direct labor hours

= $14 x 10 = $140

Total manufacturing overhead = $188 ($48 + 140)

2. Total manufacturing cost of Job 112112:

Direct materials = $2,400

Direct labor        =      368 (16 x $23)

Overhead          =       188

Total cost           = $2,956

Explanation:

a) Data:

Departmental overhead​ rates:

Cutting​ Department: $8 per machine hour

Finishing​ Department: $14 per direct labor hour

b) Job Costing is a costing method that allocates the costs of resources for manufacturing goods and services according to the costs consumed by each job.  Each job becomes a cost center for accumulating costs instead of the process involved in the production.  The system helps management to keep track of the costs of each job.

5 0
3 years ago
assume bell computer company operates in a perfectly competitive market producing 5,000 computers per day. at this output level,
Agata [3.3K]

In a perfectly competitive market bell computers will cause profits to increase by producing one more.

A hypothetical market system is referred to as perfect competition. Perfect competition offers a valuable model for illustrating how supply and demand influence pricing and behaviour in a market economy, despite perfect competition seldom occurring in actual markets.

One of the most efficiently operating markets is one with perfect competition, when a large number of buyers and suppliers cooperate perfectly. Sadly, it is a hypothetical event that does not occur in the real world. But in order to guarantee a fair price for all goods and services, markets should strive to be as similar to this type of market as feasible.

Learn more about perfectly competitive market here:

brainly.com/question/13961518

#SPJ4

6 0
1 year ago
What is Kevin’s net worth on May 31, 2013?<br> $4,050<br> $9,260<br> $13,200<br> $22,460
Alchen [17]

$4,050, i got that by adding up each size than subtracting the totals

4 0
3 years ago
Read 2 more answers
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