Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Each unit of output requires 0.52 direct labor-hours. The direct labor rate is $9.00 per direct labor-hour. The production budget calls for producing 1,700 units in April and 1,600 units in May. The company is committed to paying its direct labor workforce for at least 960 hours a month.
We need to calculate the total number of hours required each month.
April:
Direct labor hours= 1,700 units* 0.52= 884 hours
Total cost= 960 hours*$9= $8,640
May:
Direct labor hours= 1,600 units* 0.52= 832 hours
Total cost= 960 hours*$9= $8,640
Answer:
c. Decreases.
Explanation:
Since the demand curve for a monopolist is like a normal demand curve with a negative slope, when the output increases the price decreases, as otherwise the monopolist would not be able to sell the additional units. This is why monopolists limit their production in order to charge maximum possible prices to earn economic profits.
Hope that helps.
Answer:
If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of the law of SUPPLY
Explanation:
The law of supply is simply termed as when there is an increase in quantity of goods also results into an increase in the price although every other factors must remain the same
The commercial ranchers of Argentina mostly raise livestock in which they could export them to other countries in contrasts to the ranchers from the North America. In addition, it has been one of the primary industries of Argentina and one of its well-known goods from these ranches is the corned beef.
The answer to this question is <span>both the equilibrium price and quantity will rise
For substitutes, the movement of price usually really similar. In this case, when the price for butter rises, margarine suppliers will see this as an opportunity to increase the profit by also increasing the price of their products which will also increase the quantity equilibrium</span>
