Answer:
Option B is correct
The maximum price to be paid is = $64000
Explanation:
To determine the the maximum price we would compute using the relevant costs of internal production.
<em>The maximum price to be paid to external supplier should be the total relevant costs associated with internal production.</em>
Total relevant cost of internal production = 34,000 + 15,000 +9000 + 6000
The maximum price to be paid is = $64000
Note that the fixed overhead of $6000 is associated with the internal production the balance of 4,000 is irrelevant and would be incurred either way.
Answer:
A.rose making the interest rate fall
Explanation:
According to the liquidity preference theory developed by John Keynes, if the money supply rises, price level also rises, interest rate falls. If interest rate falls, the price of bond rises which would increase capital gains. People would prefer to hold bonds instead of money, therefore, investment spending would rise.
The liquidity preference theory states that we hold money for transactive, speculative and precautionary motives.
Answer:
Poornima's wage is $14.00 per hour in 2013. Nominal
Poornima's wage is 2 paperback novels per hour in 2013. Real
The price of a donut is $2.00 in 2013. Nominal
Explanation:
A nominal value of a variable is the value of an economic variable in terms of the price level at the time of its measurement; or, unadjusted for price movements.
Real: The value of an economic variable adjusted for price movements.
Poornima's wage is $14.00 per hour in 2013. Nominal
Poornima's wage is 2 paperback novels per hour in 2013. Real
The price of a donut is $2.00 in 2013. Nominal
Answer:
Option (a) and (b) are considered or correct.
Explanation:
Under the following two conditions, a firm in a perfectly competitive market produces at a point where the marginal revenue is equal to the marginal cost:
(i) Minimum AVC < Price < minimum ATC : Yes
In this case, a firm may suffer a loss but it will be able to cover its minimum average variable cost. Hence, this firm continue operating in this market and if he shut down its operation then he may suffer a larger loss. Therefore, it chooses to continue operating under this market conditions.
(ii) Price > minimum ATC : Yes
In this case, the price received by the seller is greater than the minimum average total cost. Therefore, the firm is able to cover all of its cost of production and earning an economic profit. Hence, it obviously chooses to continue its operation.
The third option is not considered here because in this case, the firm won't be able to cover its variable cost.
For a 13-person team, The number of extra workers that should be hired to meet the labor hours needed without overtime is 7.
<h3>What is Labor hours?</h3>
This is a term that connote the total hours of workers that are said to be having or getting an hourly wage and they are the ones who are said to be directly employed on the site of a building, public works project, etc.
Note that "Labor hours" is one that entails hours of work that has been carried out by workers who have been employed by the general contractor or the subcontractors that are found to be working on the project.
Learn more about labor hours from
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