Answer:
Price elasticity of supply = 2.25
Explanation:
Price elasticity of supply is defined as the degree to which quantity of a product supplied is sensitive to changes in price.
In a competitive market when the price of a good increases its supply also increases. This is because suppliers want to make more profit from the higher product price.
Price elasticity of supply = %∆ Quantity ÷ %∆ price
Price elasticity of supply = {(600 - 1000) ÷ (1000 + 600)/2}/ {(8 - 10) ÷ (10+8)/2}
Price elasticity of supply = -0.5 ÷ -0.2222
Price elasticity of supply = 2.25
Answer:
cost of goods manufactured= $144,000
Explanation:
Giving the following information:
Cost of direct materials used in production $48,000
Direct labor 59,000
Factory overhead 37,000
Work in process inventory, April 1 40,000
Work in process inventory, April 30 40,000
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 40,000 + 48,000 + 59,000 + 37,000 - 40,000
cost of goods manufactured= $144,000
The Occupational Safety and Health Administration or OSHA standards are also known as part 1926 and part 1910
Answer:
Market risk premium = 9.2%
Explanation:
The market risk premium is the difference between the market returns and the t bill yield. To calculate the market risk premium of this duration we will need to subtract the average annual t bill yield from the average annual return on the standard and poor's 500 index.
14.8-5.6=9.2
They would be engineers or civil contractors. Hope it helps! :) If you could vote my answer as the brainiest, that would be awesome! :)
