Answer:
The correct answer is letter "B": less; perfect competition.
Explanation:
Typically, <em>more output is produced in perfect competition markets than in markets ruled by price discrimination</em>. Consumer surplus is greater at the same time. Group price discrimination transfers the company some of the competitive consumer surpluses as an additional profit and causes the loss of deadweight due to reduced production.
I would choose D. By outsourcing certain processes to small businesses
Answer:
A, supplementary
Explanation:
A supplementary service can be said to be an added service to an original service package.
That is, a supplementary service can be said to be an extra service or services that is embedded in a whole service.
For example, when you go to a tech store to have your hard drive replaced, a supplementary service such as general cleaning and routine check of your computer is included in the hard drive replacement service.
The main or core service is hard drive replacement while the supplementary service includes cleaning and routine check of other computer components.
Cheers.
Answer:
Overhead absorption rate
= Overhead absorbed/Actual labour cost x 100
= $4,400/$800 x 100
= 550% of direct labour cost
Explanation:
Since the overhead absorbed is $4,400, there is need to divide the overhead absorbed by actual direct labour cost multiplied by 100. This gives the overhead application rate.
