Answer:
All of these is true.
Explanation:
In the long run, the real GDP moves to potential level. It is because in the long run when the price level increases, the price of factor inputs increases as well.
The economy can produce reach natural rate of employment and potential output at any price level. Increase in price does not cause the output to increase in the long run.
Improvement in the state of technology or increase in available resources causes the output level to increase.
Cyclical unemployment will not exist in the long run, only natural unemployment will exist. All the available resources will be fully employed in the long run.
<span>You didn't provide examples, but since capital resources are resources made so as to have them make other things, you could say that capital resources are things like machinery for building things, or machinery created in order to create food, or basically anything whose purpose is to make other things. Most basic things that belong to that domain are tools like a hammer or a screwdriver.</span>
Answer:
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Explanation:
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Answer: A.) $32.64 per machine hour
Explanation:
Given the following :
Estimated machine hours = 41,000 machine hours
Estimated variable manufacturing overhead = $4.16 per machine hour
Estimated total fixed manufacturing overhead = $1,167,680
Total Estimated manufacturing overhead :
(Estimated total variable manufacturing overhead + Estimated total fixed manufacturing overhead)
Estimated total variable manufacturing overhead:
$4.16 × estimated hours
= $4.16 × 41,000
= $170560
Total Estimated manufacturing overhead :
$170560 + $1,167,680 = $1338240
Hence,
Predetermined overhead rate :
Total Estimated manufacturing overhead / estimated hours
= $1338240 / 41000
=$32.64
Answer:
a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, a private limited company, or other organizations such as government or not-for-profit entity.
Explanation:
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