Answer:
false
Explanation:
the automation cost varies on energy used . compared to a work force which is paid per hour
Answer:
Option (D) $270,000
Explanation:
Data provided in the question:
Variable overhead for 15,000 hours = $90,000
Fixed manufacturing overhead = $120,000
Now,
Variable overhead per hour = $90,000 ÷ 15,000
= $6 per hour
Therefore,
Variable overhead for 25,000 hours = $6 per hour × 25,000
= $150,000
Thus,
Total overhead cost
= Variable overhead for 25,000 hours + Fixed overhead cost
[ Fixed overhead cost is independent of number of units or number of hours]
= $150,000 + $120,000
= $270,000
hence,
Option (D) $270,000
Answer:
Benefits-received principle
Explanation:
This principle says that the people who benefit most from government assistance programs should be the one to pay for them. Regressive taxes represent a higher portion of money for low income families, with the idea that it is okay because the government provides more services for low income families.
To protect domestic businesses.
Let’s think of the USA and China:
If:
USA steel factories produces 1 steel girder and sells at $1000
Chinese steel factories produces 1 steel girder and sells at $500
—— If there is NO quotas, tariffs or other protectionisms, then the most rational thing is to purchase the Chinese steel girders. Harming USA steel factories.
—— If USA raises tariffs: Puts 50% tariff of Chinese steel
- Then Chinese steel, for USA consumers would cost $750. Lowering USA’s demand for Chinese steel but increasing USA consumer’s demand for USA steel.
They can increase the USA’s economic welfare as many domestic steel-extracting factories and their employee’s are protected/benefitted. Though, it may harm some manufacturing jobs.
Well, in the end it depends on the scale of those trade barriers.
Answer:
Market Equilibrium is termed as the state of the market where supply of the goods becomes equal to the demand of those good, when this supply and demand comes parallel, it is said that the market has achieved the market equilibrium. One condition which needs to provided is that the external factors should remain constant. At market equilibrium, the price of the goods remain constant, therefore, people continue purchasing the products in the same quantity which in return balances the supply side further and equally,