Answer:
The correct answer is C
Explanation:
Investment spending is the money spent on the goods which are used in the productions of capital, goods or services and if it is decreasing means that it repeal or revokes the investment tax credit, which means decrease in income tax.
And the aggregate demand which shifted to left means that the consumer spending is declining or decreasing ad it will lead to shift the curve to the left side.
Solution :
A firm hires labor till a point where the cost of hiring is equal to the value of the additional revenue it produces.
We know ,
the wage rate = cos of hiring an additional worker
the value of the additional revenue that the firm produces = price x (MPI) marginal product of the labor.
Therefore, the firm will hire when :
Wage = value of the additional revenue it generates
Thus, wage = price x (MPI) marginal product of the labor ...........(i)
Therefore, given :
wage of a worker = $ 45
Price = $ 12
So, 45 = 12 x MPI
MPI = 3.8
So the marginal product of employing three days of labor = 25-18/4-3 = 7
Marginal product of employing four days of labor = 30-25/4-3 = 5
So the 4th day produces less revenue than the cost that it generates.
So, the firm should hire 3 workers.
Answer:
False, you can always make a plan b if the first one doesn't work out. Also to keep your options open.
Overall the answer is "False".
Answer:
Overhead assigned to standard mode = $89,245.16
Explanation:
<em>Under the traditional absorption costing system, overhead is assigned to units produced using the direct labour hours basis.</em>
Overhead absorption rate = Budgeted overhead for the period/Budgeted labour hours
OAR = $(73,800 + 82,800) /(265 + 200) hours
= $156,600
/465
= $336.77 per hour
Overhead assigned to standard model= OAR × labour hours used
= $336.77 × 265
=$89,245.16