If the institution prices classes at the price required to achieve equilibrium at 10 a.m., there will be a surplus at 8 a.m.
<h3>What is the demand?</h3>
The demand is defined as the quantity of commodity that a customer of a product wants it at each possible prices during a given period of time. This relation of demand with the price is an inverse relation.
In this scenario, the demand for seats at 10 a.m. classes at the College of the Canyons is greater than the demand for seats at 8 a.m. classes.
There will be a surplus at 8 a.m. if the college prices classes at the price required to attain equilibrium at 10 a.m.
Therefore, demand is opposite to the supply.
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Answer:
<u>b. exports > imports.</u>
Explanation:
Note that when a country's exports are less than imports of the country that is a case of unfavorable balance of trade.
So Mercantilists often aim to see excess of exports over imports which they believe means added income (exports) and less of expenditure ( imports).
Remember the balance of trade (BOT) looks at foreign exchange between countries.
Answer:
Total cost= $2,040
Explanation:
Giving the following information:
Total machine-hours 30,000
Total fixed manufacturing overhead cost $ 252,000
Variable manufacturing overhead per machine-hour $ 2.10
Job T687:
Total machine-hours 30
Direct materials $675
Direct labor cost $1,050
First, we need to calculate the estimated overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (252,000/30,000) +2.1= $10.5 per machine-hour
Now, we can calculate the total cost of Job T687:
Total cost= direct material + direct labor + allocated overhead
Total cost= 675 + 1,050 + (10.5*30)= $2,040
Copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.
<h3>What is copyright law?</h3>
It should be noted that copyright law simply means a law that grants the holder the control over the production and distribution of a material.
In this case, copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.
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Answer:
Moving the firm's goods from production points to distribution centers (E)
Explanation:
Negotiating with labor unions regarding wages, hours, and benefits : This function is the primarily responsibility of Human Resources Manager
Providing technical expertise on the production and design of goods :
This is the responsibility of an Operation Manager
Supplying the raw materials needed for manufacturing the firm's products :
This is the responsibility of Procurement/Purchasing Manager in collaboration with store-keepers.
Moving the firm's goods from production points to distribution centers :
A marketing intermediary is responsible for getting goods from production floor to distribution centers.
