Answer:
a. greater than $3
Explanation:
If the marginal benefit is greater than the marginal cost, then, a rational person consumes one additonal unit of the product.
In this case, the marginal cost of an additional dozen of donuts is $3, therefore, the marginal benefit has to be greater than $3 for a person to decide to buy it.
Answer:
D. $ 16 comma 862.50 unfavorable
Explanation:
The computation of the direct labor efficiency variance is shown below:
Direct labor efficiency variance is
= Standard rate × (Actual hours - standard hours)
= $9.50 × (3,000 direct labor hours - 4,900 units × 0.25 hours)
= $9.50 × (3,000 direct labor hours - 1,225 direct labor hours)
= $16,862.50 unfavorable
As actual hours is more than the standard hours which reflects the unfavorable variance and if actual hours is less than the standard hours then it would leads to favorable variance
Answer:
may involve a locational mismatch between unemployed workers and job openings
Explanation:
Structural unemployemt refers to unemployment resulting out of structural changes of the economy such as technological changes which change the dynamics of how work is performed.
This represents a mismatch between the kind of skills workers possess and the skills the economy demands and requires.
Such unemployment is also attributable to a situation wherein, in a particular region, jobs are available but the unemployed workers live too far away from such regions. This is referred to as locational mismatch, one of the causes behind structural unemployment.
Answer:
Explanation:
generally as the price of a product increases
Answer:
The correct answer to the question: In a market system, ____ distributes goods among consumers in accord with their tastes and preferences, using voluntary exchange to determine who gets what, would be: C: A price system. From looking at the question in other sources, it seems that the answer choices of this one were incomplete, you are missing one, which was the correct choice. Price system is the correct choice in here.
Explanation:
This is the one system through which goods and services are accordingly distributed and offered to consumers, to meet their needs and demands. And it is also the system that allows voluntary exchange to determine how the produced goods and services are distributed.