Answer:
The equilibrium quantity of widgets has fallen by 40 per month (Option A).
Explanation:
Equilibrium quantity was 200 units when there was no tax.
When a $5 tax per unit was imposed, the government revenue is calculated as (200 *$5) = $1000
But the government revenue provided in the question is $800, which means the loss in government revenue is ($1000 - $800) = $200.
Thus, the quantity loss is ($200 / $5) = 40.
In conclusion, the equilibrium quantity of widgets has fallen by 40 per month.
Answer:
Overhead= $12,420
Explanation:
Giving the following information:
Wolf Company used $5,940 of indirect raw materials and $6,480 of indirect factory labor during the period.
Factory overhead costs are the costs that can't be directly assigned to a product, service or job. This is why companies assigned overhead using manufacturing overhead rates.
In this case, the overhead is the sum if indirect material and indirect labor:
Overhead= 5,940 + 6,480= $12,420
A delayed entry into a market with a new technology is preferred when: customer preferences are unknown.
<span>Evaluating </span>new<span> technologies to purchase and implement is very important.
</span>In a situation in which the preferences and needs of the customers are unknown, the new technologies should be later implemented after a customer research is made and information is obtained.
The answer is Bound tariff
Bound tariff refers to the maximum amount of tariff that a certain nation could impose to other nations for bringing in their products.
For developing countries that relies on high quantity of products for thir exports, this tariff system would be really favorable for them.
