Answer:
Government actions taken to mange a country’s money supply are called ——<u>M</u><u>o</u><u>n</u><u>e</u><u>t</u><u>a</u><u>r</u><u>y</u>——-policy
<u>Answer</u>:
In markets characterized by oligopoly, B) the oligopolists earn the highest profit when they cooperate and behave like a monopolist.
<u>Explanation</u>:
Oligopoly markets are those markets in which there are two or more businesses that have no direct competition with each other in the marketplace. Only these few businesses dominate the whole market. Businesses or their owners in these types of markets are known as oligopolists. To get high profits in Oligopoly influenced markets, the oligopolists act like monopolists, which means that they cooperate and become the leaders in their specialties to gain more profits in the market collectively.
Therefore, alternative B is correct.
Answer: The firm should produce more output when marginal cost equals marginal revenue.
Explanation: A business can maximize it's profit by producing at a level where marginal cost equals marginal revenue. As long as the Marginal revenue is not lower than marginal cost the firm can produce more to maximize their profit.
Answer:
$1,000 Unfavorable
Explanation:
Calculation to determine what Sheridan Company's materials quantity variance is
Using this formula
Direct Material Price Variance = (Standard quantity allowed - Actual quantity of materials) * materials price standard
Let plug in the formula
Direct Material Price Variance=(5200 pounds-5700 pounds)*$2.00 per pound
Direct Material Price Variance=-500 pound*$2.00 per pound
Direct Material Price Variance=-$1,000
Unfavorable
Therefore Sheridan Company's materials quantity variance is $1,000
Unfavorable