The correct answer is C. increasing profits
These types of often illegal business politics have a goal of dictating the market in order to control the prices and thus increase profits. They would increase prices and since you can't buy it anywhere else, they earn even more.
Answer:
False
Explanation:
This relates to quantity equation of money.
Let M = Quantity of Money.
V = Velocity
Nominal Value = P * Y
The relationship between the above is: M×V=P×Y .
Where Inflation, P is constant.
The constant velocity, V will reduce the inflation to 0 which will also require that the variables M and Y be proportionally related.
So, the money growth rate must equal the growth rate of real output
Answer: 26.37%
Explanation:
Given that,
Standard cost of CD players = $161 per unit
Labor = $34
Materials = $74
Overhead = $53
Sales price = $300 per unit
Current multi-factor productivity =
=
= 1.86
Revised multi-factor productivity after productivity increase by 14 % = 2.1204
Thus given sales price remaining constant at $ 300 and multi-factor productivity of 2.1204
Revised standard cost of CD players =
= $141.48
Let the corresponding material cost be $m,
Therefore,
Labor cost + m + overhead cost = $141.48
$34 + m + $53 = $141.48
m = $54.48
percentage reduction in material cost =
=
= 26.37%
MATERIAL COST MUST REDUCE BY 26.37%.
Hi I am not quite sure but I think it might be a i’m in middle school so don’t trust me on this one