Answer: all money in circulation throughout the economy
Explanation: apex
Capacity is constrained when demand exceeds supply and the flow rate is equal to process capacity. The capacity constraint<span> is a factor that prevents a business from achieving more output. </span><span>
If capacity is constrained, we should raise the staffing level to lower capacity.</span>
Answer:
696,325 Pounds
Explanation:
The computation of the direct material purchase budget is given below:
Here we assume that
one pound = 16 ounces
Now total wax needed is
= Production of Finished Goods × Pounds of wax needed for production
= 730,000 candles × 11 ÷ 16
= 501,875 pounds
Now
Total direct material purchased = (Total Wax needed + Ending Inventory, Jan.31 - opening inventory) × unit price
= (490,625 Pounds + 12,900 pounds - 17,400 pounds) × $1.40 per pound
= 696,325 Pounds
Answer:
GDP grew by $2,200
Explanation:
G<em>ross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.</em>
Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.
<em>Only the values added are summed, the cost of the inputs or intermediate goods are not included</em>
<em>In this question, the final value of $2200 represents the amount by which the GDP has increased in the period. This also can be verified using the value-added approach as follows</em>
Value added($)
Gold miner - 600
Mining company : 1000 -600 = 400
Jewerlry maker :1600 - 1000 = 600
Departmental store :2200 -1600 = <u>600</u>
Total value added <u>2,200</u>
Answer:
C. the portion of its marginal cost curve that lies above its average variable cost curve.
Explanation:
It follows the short-run supply curve of the firm is portion of its marginal cost curve which is above the average variable cost curve.
