Answer:
b
Explanation:
by definition, disseminate means to distribute or broadcast information
Answer:
Option (D) is correct.
Explanation:
Unit product cost:
= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= $10 + $25 + $15 + $20
= $70
Operating income using absorption costing:
= (500 units × $100) - (500 units × $70) - (500 units × $5) - $7,500
= $50,000 - $35,000 - $2,500 - $7,500
= $5,000
Answer:
Accounting profit = $45,000
Economic profit = $5,000
Explanation:
The computation of accounting profit and economic profit is shown below:-
Accounting profit = Sales - External expenses
= $75,000 - $30,000
= $45,000
Economic profit = Accounting profit - Implicit cost
= $45,000 - $40,000
= $5,000
Therefore for computing the accounting profit and economic profit we simply applied the above formula so that each one could arrive
Answer: A - nominal wages are slow to adjust to changing economic conditions
Explanation:
In the short run, the costs of many of the factors used in the production process are fixed. For example labours wage is fixed for a number of years because of labour contracts. Also the raw materials used in the production process have long term agreements that fix their prices.
As a result of factors of production been fixed in the short run, when general price level rises and the cost of production remains constant, profit also rises.
Firms take advantage of this rise in price and increase production and the quantity of aggregate supply increases. This is why the short run aggregate supply curve is upward sloping.