Answer:
C) $95 F
Explanation:
Planned cost of materials and supplies = $2,230
Actual cost of materials and supplies = $2,160
Flexible budget for November = $2,230 - $2,285 + 25 = $95 F.
It is is favorable (F) because Actual cost of materials and supplies is less than the Planned cost of materials and supplies.
B, because monopolistic market sells homogeneous goods.When a firm raises its price,it loses all of the customers
Answer:
When the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.
Explanation:
if the money market is drawn with the value of money on the vertical axis, while the price level increases there will be a decrement in the value of money, and an increment in the quantity of money demanded.
An increment in the price level causes the money demand curve to shift to the right , while a decrement in the price level causes the money demand curve to shift to the left.
As the price level decreases, the value of money increases, so people want to hold less of it.
Therefore, when the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.
Answer:
Joint Demand
Explanation:
The joint demand is created when the uniqueness of one part of the complete set of product is innovative and triggers sense of differentiated product in the mind of customers. This sense of quality generates demand for the whole of the product.
Answer:
<u>Question 1. All employees are agents, and all agents are employees.</u>
<u>Question 2. Harold is liable to Alice for the cost of the lot, but only if the contract between Harold and Alice expressly stated that he would reimburse her for the cost of the lot.</u>
<u>Question 3. Spencer will win, because Glen was acting within the scope of his employment; therefore, Sally is liable for his negligence</u>
Explanation:
1. Note that employees can serve also as agents for their company but not all agents are employees since they (the agents) could be self employed themselves.
2. Remember sales agreement should not be bases on word of mouth but on written contacts. Therefore, if the contract between Harold and Alice expressly stated that he would reimburse her for the cost of the lot he would then be liable.
3. Since Glen was acting within the scope of his employment; therefore, Sally is liable for his negligence. Implying that she employed the man who caused Spencer pain and suffering.