Answer:
D. Direct materials is a variable cost and rent expense is a fixed cost.
Explanation:
- As clearly seen from the data the direct material cost is varying but the rent cost is fixed cost.
Answer:
$8,644.30 ≈ $8,644
Explanation:
Data provided in the question:
Amount to be paid, A = $16,000
Interest rate that can be earned, r = 8% = 0.08
Time period, n = 8 years
Now,
A = P × ( 1 + r)ⁿ
Here,
P is the present value
thus, on substituting the respective value, we get
$16,000 = P × ( 1 + 0.08 )⁸
or
$16,000 = P × 1.8509
or
P = $8,644.30 ≈ $8,644
Answer:
Hence the correct option is D. more Crispy Chicken Sandwich Tacos should be produced.
Explanation:
Since the marginal benefit is greater than marginal social cost, Therefore more output can be produced.
D. more Crispy Chicken Sandwich Tacos should be produced.
Answer:
6.1%
Explanation:
As per my knowledge, real wages and the inflation rate goes hand to hand, so if the inflation rate is expected to increase to 6.1% in the coming year, then I thing the labor union would also want the real wages to go up by 6.1% for the labor union members to offset the difference between the two and meet the demands for the members.
Thank you and Good luck.
After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.