Answer: The same as the industry's demand curve
Explanation:
The demand curve faced by a non discriminating pure monopoly is same as the industry demand curve as, the monopoly facing the demand curve of the industry in the form of the downward sloping demand curve so that the monopolist increased its output demand. A non discriminating monopolist determined the demand curved and ultimately determined the price which are willing for pay.
Answer:
Since this is an example of the colliding task of two different managers, you would have to explain the point of view of the upper level manager and what he/she told you was your duty in the first place.
Even if the assistant manager thinks that not entering the sales is the most efficient idea at the moment, it would be wise to<u> stick to the upper level manager's requirement.</u>
The second course of action would <u>approve the assistant manager's requirement.</u> However, you would have to put out to your upper level manager, in a straightforward manner, that you listened to the assistant manager's suggestion. This is the course of action to opt for if you strongly think that the idea of not entering the sales is correct and won't cause damage that you and the assistant manager will be liable for afterwards.
Answer:
(A) The standard price per pound of this material is $87.11
(B) The standard pounds of this material per unit of product A is 1.01 pounds
Explanation:
According to the given data, in order to calculate the standard price per pound of this material, we would have to use the following formula:
Standard Price per pound of this material=Purchase Price Per Pound + Shipping Cost per pound
+Receiving Cost
=$80.00+$6.66+$0.45
=$87.11
In order to calculate the standard pounds of this material per unit of product A, we would have to use the following formula:
Standard pounds of this material per unit of Product A=Pounds of material required by Product A
+Allowance for waste and spoilage
=0.96+0.05
=1.01 pounds
Answer:
In the long run as aggregate demand increases and unemployment is reduced workers will demand higher wages the aggregate supply curve will shift left, and the economy will return to the natural rate of unemployment.
Explanation:
In the case when the government misjudge the natural unemployment rate and it is less than the actual one so in the long run, the aggregat demand rises also the unemployment decreased due to which the workers demand for higher wages is also decreased. This lead to the shifting of the aggregate supply to the left and the economy would return to the natural unemployment rate
