Answer:
4,838,400
Explanation:
Assume there are already Two sets of machine working.
In the first set, there is 5 machine Operates and in another set, There are 8 machines (13-5) operates.
So Total Production sequence = First sets all combinations x Second sets all combination
= 5! x 8!
= ( 5 x 4 x 3 x 2 x 1 ) x ( 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 )
= 120 x 40,320
= 4,838,400
So , total number of machine combination is 4,838,400.
Answer:
the first option is the correct one
Answer:
D. Market supply and market demand determine the price and quantity bought and sold in the market.
Explanation:
In perfectly competitive market, equilibrium price and quantity is determined at the point where the aggregate supply curve and aggregate demand curve intersect.
If either supply or demand changes, the supply/demand curve will shift to intersect the demand/supply curve at a new equilibrium point.
In other words, although both suppliers and buyers are price-takers they both influence price and quantity bought and sold,<em> at the aggregate level</em>.
Answer:
Inelastic
Explanation:
The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand
Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down
So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic
Answer:
Standard cost Supplies= $3,480
Explanation:
Giving the following information:
The cost formula for catering supplies is $400 per month plus $82 per job plus $10 per meal.
The company expected its activity in September to be 20 jobs and 144 meals.
<u>To calculate the total budgeted cost, we need to multiply the standard cost for the planned production:</u>
Standard cost Supplies= 400 + (82*20) + (10*144)
Standard cost Supplies= $3,480
