All categories

3 years ago

Will there always be a demand for inferior goods? how could demand for an inferior good decrease? explain.

1 answer:

8 0

Mainly income is a huge factor here, if income somehow manages to decrease then there will be a demand on inferior goods because people cannot afford superior goods anymore

You might be interested in

Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3

Tcecarenko [31]

Answer:

$695.24 per unit

Explanation:

Calculation to determine what The unit product cost of Product R3 under activity-based costing is closest to

First step is to Calculate Activity rates

Activity Cost Pool Activity driver Overhead Cost (A) Expected Activity (B) Activity rate (A/B)

Labor related Number of DLH $ 40,636÷13,000 = 3.13 Per DLH

Production orders Number of Order 65,880÷ 1,600= 41.18 Per Order

Order size Number of MH 433,075÷ 7,600 = 56.98 Per MH

Second step is to calculate the Cost assigned to Product R3

Cost assigned to Product R3

Activity name Activity Rates Activity ABC Cost

(A) (B) (A x B)

Labor related 3.13 * 11,000 =$34,430

Production orders 41.18* 1,200=$49,416

Order size 56.98*3,900= $222,222

Total Overheads assigned $306,068

($34,430+$49,416+$222,222)

Production 1,100

Overhead cost per unit $278.24

Product R3

Direct material $211

Direct labor (10x $20.60 per DLH) $206

Overheads $278.24

Total Cost per unit $695.24

($211+$206+$278.24)

Therefore The unit product cost of Product R3 under activity-based costing is closest to $695.24 per unit

3 0

2 years ago

A production function is a relationship between:____.a. inputs and profit. b. inputs and quantity of output. c. inputs and reven

Dahasolnce [82]

Answer:

b. inputs and quantity of output

Explanation:

A production function is a relationship between inputs and the quantity of output. In other words, it is the entire production process that goes into creating a product. This includes the specific materials that need to be inputted into the process in order for the output to be exactly as needed in order for the product to come out as desired and the right quantity. Thus, creating a relationship between input and output

4 0

3 years ago

Which of the following distinguishes mediation from negotiation? Group of answer choices vested authority with a third party dec

maxonik [38]

Answer:

The correct answer is the last option: Involving a third party.

Explanation:

To begin with, the major difference between the terms of negotiation and mediation is that in the last one there is a third party involved that seeks for the most quickly and benefitial deal for the both parties that are discussing, while in the negotiation there is not a third party and the two parties existing seeks for their own benefits, even if that means to harm the other person in the process of getting the best for one of them. That is why that the mediation needs to use a third party that has to be impartial to the situation and only wants the best for the parties in the conflict.

7 0

3 years ago

Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T

Elena L [17]

Answer:

The universal sign for choking is __________.

two balled fists pressing the abdomen

pointing at an open mouth

two hands grasping the neck

pretending to cough

Explanation:

3 0

3 years ago

What could the owner of a movie theater expect as the possible result from an increase in movie ticket prices?

never [62]

Answer:

Explanation:

Fewer Movie goers will pay a hier price

8 0

3 years ago