Answer:
Effect on income= $4,800 increase
Explanation:
Giving the following information:
Unitary variable cost= $18
A foreign wholesaler offers to purchase 4800 units at $21 each. Vaughn would incur special shipping costs of $2 per unit if the order were accepted.
Because it is a special order and there is unused capacity, we will not take into account the fixed costs.
Effect on income= 4,800*21 - 4,800*(18 + 2)= $4,800 increase
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Answer:
Option (c) 8
Explanation:
Data provided in the question:
Marginal rate of technical substitution of hours of labor for hours of capital, RTS = 0.8
Number of units of labor chosen = 5
Number of units of capital chosen = 8
Marginal product of capital = 10 televisions per hour
Now,
RTS = [ Marginal product of labor ] ÷ [ Marginal product of capital ]
0.8 = Marginal product of labor ÷ 10
or
Marginal product of labor = 8
Hence,
Option (c) 8
Answer:
B. It will not be enforced due to the statute of frauds.
Explanation:
Jim and Sue ''orally agreed to how the marital assets would be split if they divorced'', but however did not sign any agreement that makes the contract valid. Thus, the contract will not be enforced due to the statute of frauds. A statute of frauds, simply means a contract without sufficient written evidence agreed and signed by parties to the contract.