Answer:
C. the period of time in which at least one factor of production is fixed.
Explanation:
- The short-run is a condition, were some controls and market are not in fair equilibrium, some factors like the variables and other that are foxed have limited entry or exit to the industry.
- In the macroeconomics a long run is a time when the general price, and contractual wage rates, along with the expectations are adjusted entirely to the states of the economy. and this contrast to the short-run where the variable is not fully fixed or adjusted.
- <u>The short-run for a firm will increase the production of the marginal costs is less than the marginal revenue. The transition from the short to the long-run market equilibrium may be done on considering the supply and demands.</u>
Answer:
The correct answer is B. Accounting firms are prohibited from providing many types of consulting services to the companies they audit.
Explanation:
The main reason for this policy is that it does not allow conflicts of interest to arise that eventually produce widely known cases of fraud, such as those presented at the Enron and Worldcom companies.
The Enron case broke out in the U.S. when that energy giant announced what was once the biggest bankruptcy in the history of the country, with a debt of 31,000 million dollars, something overcome a few months later by the collapse of another colossus, WorldCom.
In June 2002 WorldCom, the second US telephone. and of the world, he admitted that he had lied in his accounting books for almost 4,000 million dollars and his actions - which shortly before touched his maximum of 16 dollars - collapsed to 20 cents. His bankruptcy exceeded Enron's: $ 35 billion of liabilities.
Answer: 24.60 minutes (2dp)
Explanation:
The question is essentially asking that we find the Standard Time it takes to serve a customer.
To do this we would have to calculate the averages of the different elements and then use this to find the normal time which we can then use to find the Standard Time.
Element 1
= (3 + 4 + 4 + 3 + 3)/5
= 3.4
Element 2
= ( 9 + 8 + 10 + 11 + 10)/5
= 9.6
Element 3
= ( 7 + 8 + 6 + 7 + 8)/5
= 7.2
We then calculate the normal times by multiplying each of the individual means with their performance ratings.
That would be,
Element A
= 3.4 * 70%
= 2.38
Element B
= 9.6 * 110%
= 10.56
Element C
= 7.2 * 120%
= 8.64
We then add up the normal times to get the total normal time
= 2.38 + 10.56 + 8.64
= 21.58 minutes
Now we can solve for the standard time using this formula,
Standard time = Normal time (1+Allowance factor)
= 21.58 ( 1 + 0.14)
= 24.6012 minutes
= 24.60 minutes (2dp)
The time per unit customer served is 24.60 minutes.
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Solution :

a). Bundles
= U ( _____ , 2), lie on the same indifference curve. Suppose missing numbers is x.
So, 
(40 x 5) + (2 x 5) = 50x + (2 x 2)
210 - 4 = 5x

So Alexander has
apples and
bananas. The indifference curve though
also include bundle.
Therefore, (41.2, 2)
b). 


= 0.4
So Alexander has
apples and
bananas with this bundle. Alexander would like to give up
unit apples for a banana.