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worty [1.4K]
3 years ago
10

What is price elastic of supply

Business
1 answer:
Reika [66]3 years ago
4 0
The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.
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The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicat
Anna [14]

Answer:

$26.50

Explanation:

The computation of the predetermined overhead rate is shown below:

= Variable overhead rate + fixed overhead rate

where,

Variable overhead rate is $8.30

And, the fixed overhead rate is

= $145,600 ÷ 8,000 direct labor hours

= $18.2

So, the predetermined overhead rate is

= $8.30+ $18.2

= $26.50

We simply added the available overhead rate and the fixed overhead rate so that the predetermined overhead rate could arrive

5 0
3 years ago
When countries specialize in producing certain goods and then freely exchange those goods for other goods with different countri
GaryK [48]

Answer:

The correct answer is: Each country can consume at a point outside their production possibilities frontier.

Explanation:

A country is said to be specializing in the production of a good if it can produce the good at a lower opportunity cost. When countries produce the good they specialize in producing and trade with other countries. All the countries will be able to consume more.

The countries will produce on its production possibilities frontier at the intercept of the good they specialize in and consume at a point outside their production possibility frontier.

4 0
3 years ago
Levered, Inc., and Unlevered, Inc., are identical in every way except their capital structures. Each company expects to earn $29
Ugo [173]

Answer:

Levered -  $280,800,000

Unlevered - $398,400,000

Explanation:

The formula to compute the equity value is shown below:

Equity value = Number of outstanding shares × current worth per share

For Levered, the equity value would be

= 2,600,000 shares × $108

= $280,800,000

For Unlevered, the equity value would be

= 4,800,000 shares × $83

= $398,400,000

We simply multiply the number of outstanding shares with the current worth per share so that the equity value can come.

7 0
4 years ago
Southwestern Foods Corporation operates a packaging plant near the border between the United States and Mexico. Due to the locat
zavuch27 [327]

Answer: Option D

                           

Explanation: In the given case, southwestern has been displayed as an american organisation . Therefore, it cannot employ any non citizen who do not have proper kind of paper work done that is needed by the authorities of the country.

Hence, the geographic advantages regarding employment does not mean anything in front of the legal formalities and rules that resides in the economic area.

7 0
3 years ago
______ leaders focus on providing increased service to others—meeting the goals of both followers and the organization—rather th
mixer [17]
Team

Please vote my answer branliest! Thanks.
7 0
3 years ago
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