Answer:
High entry costs prevent new producers from entering the market. ... Producers actively segment the market to avoid competition. High entry costs prevent new producers from entering the market.
Explanation:
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Answer:
$255,000
Explanation:
Total excluding fixed overhead:
= Direct materials + Direct labor + Variable overhead
= $7 + $3 + ($210,000 ÷ 50,000)
= $7 + $3 + $4.2
= $14.2
Total cost per unit of finished goods = $19.3
Fixed overhead per unit:
= Total cost per unit of finished goods - Total excluding fixed overhead
= $19.3 - $14.2
= $5.1 per unit
Total fixed overhead:
= Units produced × Fixed overhead per unit
= 50,000 × $5.1
= $255,000
Answer:
Question 1
Individuals with higher education levels have less propensity to commit crime for many reasons.
First of all, they are higher-skilled individuals, which means that demand for their labor is higher, because they are more desirable to employees. This means that they are likely to earn incomes high enough to avoid committing crime as a form of economic survival.
Question 2
Many people have put in question the idea of going to college these days, and there are valid points to this. For example, it is true that going to college represents important opportunity costs: not being able to work full-time while attending classes, and forgoing that salary, and also the costs associated with the student debt.
However, statistics show that college-graduates earn significantly more than non-college educated people, meaning that the benefits of college education will be lower than the benefits as long as the time preference of the students is long-term enough.
Answer:
$3,433.33
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
Mathematically,
Depreciation = (Cost - Salvage value)/Estimated useful life
Annual depreciation
= ($46000 - $4800)/4
= $10,300
In the current year, the asset would only be depreciated for 4 months
= 4/12 * $10,300
= $3,433.33