Answer: $225
Explanation:
Deadweight loss is caused by inefficient allocation of the resources or when both the supply and the demand for a product aren't in equilibrium.
The deadweight loss will be calculated as:
= 1/2 base × height
= 1/2 × 15 × 30
= $225
Answer:
Explanation:
Task oriented, effective, group cohesiveness, neutrolize.
Why these options were chosen?
We can see from Jedida's behavior that she is task oriented, because the first thing she did when coming to new employment place is scheduling a meeting.
In a lot of circumstances such behavior could harm the trust and relationship between manager and the team.
However it is said that the team is very close and know each other for a long time. So, such cohesiveness can neutrolize this leadership behavior.
Answer:
Unitary prime cost= $170.24
Explanation:
Giving the following information:
Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.
Direct labor= $880,000.
Manufacturing overhead equaled $495,000
The company manufactured 8,400 television sets during the month.
Unitary prime cost= (direct material + direct labor)/number of units
Unitary prime cost= (550000 + 880000)/8400= $170.24
Answer:
1. Firms are operating in the short run - relatively inelastic
2. Firms would have a hard time storing their goods - relatively inelastic
3. Firms have a large amount of excess capacity - relatively elastic
4. Firms can easily relocate from one location to another - relatively elastic.
Explanation:
The price elasticity of supply is less in the short run than in the long run. In the short run supplier does not have enough time to adjust the production level so supply is inelastic. The firms facing hard to store their goods then the supply is inelastic. If the firm has spare capacity available then the supply is relatively elastic because supplier can produce more if the demand is greater. The mobility factor also effects elasticity, if firm can easily relocate itself then the supply is elastic.
Answer:
Choice 1 is more profitable.
Explanation:
Giving the following information:
Choice 1:
You receive $100 starting today once a year every year for the rest of eternity.
Choice 2:
You receive $200 today and then $50 once a year starting next year for all of eternity.
<u>I will assume an interest rate of 8%</u>
The first option and second option are a perpetual annuity. To calculate the present value, we need to use the following formula:
Choice 1:
PV= Cf/i
Cf= 100
i=0.08
PV= 100/0.08= $1,250
Choice 2:
PV= 50 + 50/0.08= $825
Choice 1 is more profitable.
