Answer:
Will increase
Explanation:
Substitutes are the goods which have high elastic demand or positive cross elasticity of demand. An increase in price substantially affects the demand for a substitute good. For example, if tea and coffee are substitutes, an increase in the price of coffee will increase the demand for tea and the overall surplus in the team market.
Answer:
Cutting = $62,020
Pruning = $16,280
Explanation:
<em>The direct method does not consider the impact of reciprocal servicing arrangement when allocating the overhead of service centers and only allocates overhead to the production cost centers only.</em>
Allocation of Overhead
Janitorial overhead
Cutting = 6/(6+54)× $5,000 = $500
Pruning =54/(6+54) × $5,000= $4,500
Maintenance overhead
Cutting = 9/(9+1)× $7,800 = $7020
Pruning =1/(9+1) × $7,800= $780
Total cost of production department
Cutting = 54,500 + 500 + 7020= 62,020
Pruning department = 11,000 + 4,500 + 780 = 16,280
Cutting = $62,020
Pruning = $16,280
Answer:
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Answer:jannwow0eouehehevhehehehehoepwowowExplanation:
- Answer:jannwow0eouehehevhehehehehoepwowowExplanation:ok sjosowkbwvehdis9oq0q002o2h2bevvevevdgdghshshwhwjwiwiiw9w91929287373747r6r6fychxnznnakakww
According to the aggregate production function, GDP increases when a nation,
- improves its technology, A
- increases its stock of physical capital, K
- increases the human capital of its workers, H
<h3>What is aggregate production function?</h3>
An aggregate production function holds constant all other production factors, like as capital, natural resources, and technology, and connects the entire output of an economy to the total amount of labour engaged in that economy. Land, labour, capital, and entrepreneurial activity are the elements that make up aggregate production function.
A method for determining productivity and economic growth is the aggregate production function. Therefore, economists use it to gauge the efficacy of the final product and the quality of the inputs. The maximum output that can be produced given the quantity of the production elements is represented by the aggregate production function. Keep in mind that the following uses lower case letters for plant level variables and capital letters for aggregate variables.
Hence, According to the aggregate production function, GDP increases when a nation,
- improves its technology, A
- increases its stock of physical capital, K
- increases the human capital of its workers, H
To learn more about aggregate production function refer to:
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Answer: $313,247
Explanation:
Independent lease cost :
Production department = $410,000
Finishing department = $360,000
Joint lease cost = $(410,000 + 360,000) - $100,000 = $670,000
Using the standard alone cost allocation method ;
Finishing department percentage is given by;
Finishing department independent cost ÷ (finishing department independent cost + production department independent cost)
$360,000 ÷ ($360,000 + $410,000)
$360,000 ÷ $770,000
0.4675324467 = 46.75324467%
Therefore, finishing department share of the joint lease cost will be ;
0.4675324467 × $670,000 = $313,246. 73
$313,247
