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mihalych1998 [28]
2 years ago
11

Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determi

nant of demand does this likely fall under?.
Business
1 answer:
Tema [17]2 years ago
8 0

In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.

What is Substitute Good?

A substitute good  can be regarded as product or service that  is been used as alternative for other goods.

It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.

  • This is referred to as  <u>positive cross price elasticity.</u>

Learn more about substitute good at:

brainly.com/question/10504938

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1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d
melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

7 0
3 years ago
Which statement BEST explains the economic concept of quantity demanded?
Deffense [45]
Answer:

C. It is influenced by changes in price.
4 0
3 years ago
Read 2 more answers
Where should you be on the focus-chaos scale to benefit from this course?
Y_Kistochka [10]

Based on the focus-chaos scale, to benefit from any course, you have to be on the left side of the scale.

<h3>What is the focus-chaos scale?</h3>

This is a scale that is used to describe the focus and planning attribute of different types of people.

The people on the left are in the focus section and then to organize their lives well and embarked on planned activities. Youl'll have to lean towards this side to benefit from most courses as they require you to be organized in your learning.

The right side has the chaotic people who may not be organized, but someone find a way to live life successfully. It is harder to pass courses using this.

The complete question wasn't given so I gave a general discussion.

Find out more on the benefits of planning ahead at brainly.com/question/22829786

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8 0
2 years ago
Suppose that this pure monopoly is subjected to a regulatory commission. if the commission seeks to achieve the most efficient a
Vinil7 [7]

Suppose that this pure monopoly is subjected to a regulatory commission. if the commission seeks to achieve the most efficient allocation of resources for this industry, it should set the price at <u>P2</u>.

A monopoly is a scenario in which there is a single vendor in the market. In traditional financial evaluation, the monopoly case is taken as the polar contrary of ideal competition. with the aid of definition, the call for a curve going through the monopolist is the industry call for the curve that is downward sloping.

A marketplace shape is characterized by a single supplier, selling a completely unique product inside the marketplace. In a monopoly marketplace, the vendor faces no opposition, as he's the sole seller of goods with no close substitute.

A monopoly is a market structure that includes an unmarried vendor who has special management over a commodity or provider. The phrase mono way unmarried or one and the prefix pole in reveals its roots in Greek, meaning “to sell”. Consequently, the word monopoly literally translates to a single supplier.

Learn more about monopoly here: brainly.com/question/13113415

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5 0
2 years ago
Roberts Corp. reports pretax accounting income of $208,000, but due to a single temporary difference, taxable income is only $15
goblinko [34]

Answer:

The answer is given below;

Explanation:

Temporary Difference $208,000-$154,000=$54,000

Taxable Temporary Difference=$54,000*25%=$13,500

Current Tax Expense =154,000*25%=$38,500

Please note that taxable temporary difference result in deferred tax expense and corresponding effect in deferred tax liability.

Deferred Tax Expense   Dr.$13,500

Current Tax Expense      Dr.$38,500

Deferred Tax liability       Cr.$13,500

Current Tax Liability         Cr.$38,500

6 0
4 years ago
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