Answer:
Option B
Explanation:
Fixing the wage rate above the market equilibrium rate will disturb the demand and supply equilibrium of labor resource.
Wage rate above market will make labor as a resource costly for business and hence, there is possibility that the demand for labor will lower down. Thus, the supply of labor will get low.
Hence, option B is correct
Answer:
Modified Rebuy
Explanation:
Modified Rebuy is a purchasing scenario in which products are bought that were previously sold but there will be noticeable differences when it comes to the buying agreement under analysis: certain components of the original order are altered, like design specifications, conditions, quality, price, condition arrangements, etc.
In this Situation, manufacturing companies have to be updated for these changes that's why they need new advance software.
Answer:
b. direct materials of $49,662, direct labor of $65,451, utilities of $10,121, and supervisor salaries of $14,900
Explanation:
The Supervisor's Salary is a fixed cost.
Therefore, a flexible budget for 13,900 units of production would show:
- Direct materials of $49,662,
- Direct labor of $65,451,
- Utilities of $10,121
- Supervisor salaries of $14,900
Answer:
The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.
Explanation:
The quantity of output produced is 500 units.
The marginal cost of producing 500 units is $1.50.
The minimum average variable cost is $1.
The price of the product is $1.25.
The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.
Answer:
Tax rate
Explanation:
The tax and price index is a parameter that measures the effect of tax rates on consumer prices.
Firstly, taxes inflates the cost of items through Value added tax. The cost of the item becomes more expenses and the prices increase by the rate of VAT
Secondly, income taxes reduces the purchasing power of consumers and hence commodities are indirectly more expensive because at a lower disposable income consumers can only buy lesser units of a particular product.
Lastly, the corporate income taxes are factored into the prices of goods and services produced and offered by corporate organisations and that impacts the final prices at which those goods are sold on to the final consumers.