Answer:
a
First stage allocation of overhead costs to the activity cost pools
Making Awnings Job Support Other Total
Production Overhead 67500 60000 22500 150000
Office Expenses 8000 65000 27000 100000
b
Activity rates (cost per unit of activity)
Making Awnings Job Support
Production Overhead (Cost/annual activity) 13.5 300
Office Expenses (8000/5000)(65000/200) 1.6 325
Find attachments for c and d part.
<span>When a monopolist switches from charging a single price to perfect price discrimination, it reduces the consumer surplus. Consumer surplus is defined as the difference between what a consumer believes they should pay for a good or service and the total amount that they actually do pay. The amount they pay is known as the market price and what they are willing to pay is noted on the demand curve. </span>
Answer:
The local city council passes a law that establishes a maximum rent for apartments in your city. Which of the following is likely to happen?
Demand for cheap apartments will increase
Explanation:
When there is maximum price set aside for a good or services, the demand for lower goods would be increased. From the analogy above, since the maximum rent as been set aside, then the demand for cheap apartments will increase as a result of the decision because people would prefer lower prices
Answer:
D) there is a decline in the price level.
Explanation:
Inflation refers to an increase in the general price level of a country, while deflation is exactly the opposite. Deflation represents a decrease in the general price level of a country. They are both calculated the same way, only that inflation is much more "famous" and notorious since it happens very oftenly, while deflation is very rare.
But that doesn't mean that deflation is good, since it generally represents an economic decline or recession. A low inflation rate is a sign of a healthy economy because it shows that the economy is growing.
As in banks, probably Credit Unions
