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3 years ago

On this graph, the top horizontal line represents?

Business

2 answers:

Novay_Z [31]3 years ago

6 0

Answer:

a price floor set above equilibrium

Explanation:

A price floor is a concept to prevent prices from being too low. Generally, it is used by governments to prevent the rights of supplier and sellers. A horizontal line above the equilibrium depicts price floor. Usually, if a price is set above the equilibrium, excess supply or surplus of commodities take place which results in a decrease in the prices. This is why the price floor is normally set at equilibrium.

ipn [44]3 years ago

5 0

Answer:

a price floor set above equilibrium

Explanation:

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Every year, Professor Dumbledore assigns the instructors at Hogwarts to various faculty committees.

aniked [119]

Answer:

Explanation:

Base on the scenario been describe in the question, the algorithm that describe professor Dumbledore’s problem, or correctly

reports that there is no valid assignment whose total cost is finite is written as follows; Dumbledore needs to assign instructors to committees so that (1) each committee is full, (3) no

instructor is assigned to more than three committees, (2) only suitable and willing instructors

are assigned to each committee, and (4) the total cost of the assignment is as small as possible.

Describe and analyze an efficient algorithm that either solves Dumbledore’s problem, or correctly

reports that there is no valid assignment whose total cost is finite

6 0

3 years ago

Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate

Vaselesa [24]

Answer:

Check the explanation

Explanation:

Increase in value of dollar has made the foreign steel (a major commodity used in production) cheaper for American producers.

This will reduce the cost of production of American Producers and would increase their profit-margin.

This will induce US firms to produce more and therefore there will be increase in short-run aggregate supply.

So, the given scenario will involve short-run aggregate supply curve and would shift the curve to the right.

Kindly check the attached image below to see the required graph -

4 0

3 years ago

A company uses a process cost accounting system. The following information is available regarding direct labor for the current y

Serhud [2]

Question:

A company uses a process cost accounting system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year:

goods in process, January 1 5,500 units 80% complete

goods in process December 31 8,800 units, 40 complete

units completed and transferred 46,900 units

to finished goods

direct labor costs during the year $266,300

(a) Calculate the equivalent units of production for direct labor for the year.

(b) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).

Answer:

Total equivalent unit= 41,040 units

Cost per equivalent units=$ 6.48

Explanation:

Equivalent units

Item Units Equivalent unit

Transferred out 46900× 80% = 37,520

Closing inventory 8,800 × 40% = 3,520

Total equivalent unit 41,040

Cost per equivalent units

Cost per equivalent units = Total labour cost/ total equivalent unit

= $266,300 / 41,040 units =$ 6.5

Cost per equivalent units=$ 6.5

5 0

3 years ago

Consider a market where: Consumer surplus is 250 Producer surplus is 125. If both consumer surplus and producer surplus are ma

mario62 [17]

Answer:

A. Deadweight loss = 125 units.

B. Deadweight loss = 25 units.

Explanation:

In a free market and completely efficient economy, the consumer surplus equals the producer surplus. Both benefits of free trade. When consumers o producers have a minor surplus, necessarily implies a loss on eficiency, usually caused by government regulations like taxes or price ceilings.

The amount of welfare lost is measure by the difference between consumer and producer surplus.

In the first case:

|Consumer surplus - producer surplus| = 25 units

|250- 125| = 125 units

And in the second case:

|180- 155| = 25 units

5 0

3 years ago

Allied Paper Products, Inc., offers a restricted stock award plan to its vice presidents. On January 1, 2021, the company grante

raketka [301]

Answer:

1. $108 million fair value of award

2. December 31, 2021

($ in millions)

Dr Compensation expenses 54

Cr Paid-in capital—restricted stock 54

December 31, 2022

Dr Compensation expenses54

Cr Paid-in capital—restricted stock 54

Dr Paid-in capital—restricted stock 108

Cr Common stock 18

Cr Paid-in capital—excess of par (remainder) 90

Explanation:

Allied Paper Products, Inc

$6 fair value per share x 18million shares granted

= $108 million fair value of award

2. Journal entries

December 31, 2021

($ in millions)

Dr Compensation expense ($108 million ÷ 2 years) 54

Cr Paid-in capital—restricted stock 54

December 31, 2022

Dr Compensation expense ($108 million ÷ 2 years) 54

Cr Paid-in capital—restricted stock 54

Dr Paid-in capital—restricted stock 108

Cr Common stock (18 million shares x $1 par) 18

Cr Paid-in capital—excess of par (remainder) 90

5 0

3 years ago