Answer:
If the offer is rejected by the Dall then the offer is no more in place. The particular reason is that Martin is not required to tell Dall that the offer is no more in place. Suppose Martin is wishing to close his offer and till now Dall has not declined the offer. So Martin will have to communicate Dall that the offer is been closed. If Dall has communicated Martin that he has rejected the offer, then this means the offer essence has vanished. Hence Martin has no liability towards Dall, if Dall sues him.
Answer:
It is more convenient to buy the product from an outsource supplier.
Explanation:
Giving the following information:
To make a batch of 800 units, it is estimated that 120 direct labor hours are required for $12 per hour. Direct material costs are estimated at $1,800 per batch. The overhead costs are calculated based on an overhead rate of $7.50 per direct labor hour. The item can be readily purchased from a local vendor for $5 per unit.
We need to determine whether it is more convenient to make in house or outsource.
Make in house:
Total variable cost= 120*12 + 1,800 + 120*7.5= $4,140
Unitary variable cost= 4,140/800= $5.18
Buy= 5
It is more convenient to buy the product from an outsource supplier.
Answer:
There is no change in consumers' or producers' well being
Explanation:
Currently consumers of vodka were levied tax of $2. However, government decided to provide tax relief to consumers and shift the burden on producer. There will be no change in the well being of consumers and producers.
Tax is a cost that shifts demand curve if consumers pay tax. Supply curve shifts if producers pay tax. The overall effect, however remains the same. If producers pay tax, cost per unit vodka will increase which will be reflected increased prices. Similarly, if consumers pay tax, they will demand lesser. so there is no change overall.
Answer: D. All of the above
Explanation:
Economic policies are the policies athat are out in place by the government in order to control economic activities.
These policies are used to reduce inflation, provide employment opportunities, increase standard of living, encourage economic growth etc.
If the government and Central Bank don't use economic policy, that s cs lead to inflation, increase in unemployment and fall in the GDP.
Therefore, the answer is option D
