Answer:
The market for lettuce would be impacted in three ways: labor supply would increase, meaning that lettuce producers can now hire more workers for a lower price.
This cheaper labor would likely increase supply, because more producers would try to enter the market to take advantage of the cheap workers.
Finally, the lower labor costs, and the higer supply, would reduce the price of lettuce, meaning that consumers will be able to buy more lettuce for less money.
Answer:
Allocated MOH= $690
Explanation:
Giving the following information:
Main Street Ice Cream Company uses a plantwide allocation method to allocate overhead based on direct labor-hours at a rate of $3 per labor-hour.
The number of hours of labor per 1,000 gallons is 62 for strawberry, 68 for vanilla, and 100 for chocolate.
We already have an estimated overhead rate. All we have to do is allocate the overhead using the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 3* ( 62 + 68 + 100)= 3*230= $690
Answer:
a. shifts rightward by $100 billion
Explanation:
Step 1. Given information.
MPC = 0.7
Step 2. Formulas needed to solve the exercise.
Impact in the aggregate demand = 1 / (1-mpc) * total increase expenditures.
Step 3. Calculation.
Impact in the aggregate demand = 1 / (1-0.7) * 30 million = 100 billion
Step 4. Solution.
What actually occurs is that if government increases its expenditures, this means that the output levels in the economy will increase.
Thus, aggregate demand curve will shift right the overall increase by 100 billions.
Answer:
Autocratic
Explanation:
Autocratic culture is one where the leader is is the sole decision-maker, and makes decisions without consulting others. They use fear to gain control.
The disadvantage of this style is that there is little room for innovation as only one person is allowed to make business decisions.
In this case Roberts is a hands on manager and only chooses what he thinks is the best regardless of the views of his employees.
I'm not sure if these is a list of choices in this question but here the are following Stages of B2B buying process.
1) A need is recognized
2) A need is described and quantified
3) Potential suppliers are searched for
4) Qualified suppliers are asked to complete responses to requests for proposal (RFPs)
5) The proposals are evaluated and supplier(s) selected
6) An order routine is established
7) A post purchase evaluation is conducted and the feedback provided to the vendor<span>.
</span>
Among these steps, the process where <span>a small medical practice develops a list of specific technology required to automate its patient records falls under the 2nd stage: A NEED IS DESCRIBED AND QUANTIFIED.</span>
