the following information describes a company's usage of direct labor in a recent period. the direct labor efficiency variance is:
Answers
The direct labor efficiency variance is calculated by comparing the actual hours worked with the standard hours allowed and multiplying it by the standard rate per hour.
The formula for calculating the direct labor efficiency variance is as follows:
Direct Labor Efficiency Variance = (Actual Hours - Standard Hours) x Standard Rate
To calculate the direct labor efficiency variance, you need the actual hours worked and the standard hours allowed. The actual hours worked represent the number of hours actually used in production, while the standard hours allowed represent the number of hours that should have been used based on the standard rate and production output.
Once you have the actual hours worked and the standard hours allowed, you can calculate the direct labor efficiency variance. If you provide me with the necessary information, I would be happy to assist you in calculating the variance.
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The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: Actual hours used 41,000 Actual rate per hour $ 14.00 Standard rate per hour $ 13.00 Standard hours for units produced 43,000 a) $26,000 favorable. b) $26,000 unfavorable. c) $15,000 unfavorable. d) $41,000 favorable. e) $41,000 unfavorable.
Related Questions
I NEED HELPPPP PLEASEEE!!!!
Answers
Explanation:
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If you could replace all of the grass in the world with something else, what would it be and why?
Answers
Answer:
I would replace it with cannabis, everyone is happier when there is green :)
Explanation:
Answer:
I would replace it with oil because oil is a rare resource
Explanation:
Please help!! Unit test question 50 pnts!!!! Kyle is applying to be a police officer. In his interview, he describes that he loves watching the news and following current cases. He explains that he is honest, caring, compassionate, and has a very deep sense of integrity. He then explains that he is in excellent physical condition and trains regularly in hand-to-hand combat. He tells them that he is a member of the Police Explorers, a group that trains and rides along with the local police. He also tells them that he graduated at the top of his class and was a state finalist on the mock trial team. Which table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences? A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; physical condition and training; following cases on the news; honest, caring, compassionate, has integrity; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers; physical condition and training; following cases on the news. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; physical condition and training; grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers.
Answers
The table is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. The correct option is (B).
What do you mean by skills, interest?Passion (or Interests): Do I enjoy engaging in this activity? something that you enjoy doing? Is this an activity I have the talent (or skills) for?
There are three categories of skills: self-management, functional, and specialised knowledge. Functional skills are innate aptitudes or capabilities that are refined through practice and education.
Therefore, the table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers.
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do you foresee any issues with the proposed implementation of your project? identify a strategy to help create or sustain a higher level of readiness to change with your organization and discuss how current research or literature will be used to ensure that change is based on current evidence.
Answers
Foreseeing potential issues and promoting open communication, as well as consulting current research and literature, are essential strategies to create readiness for change and ensure that it is based on current evidence.
When considering the proposed implementation of a project, it is important to foresee any potential issues that may arise. One strategy to create or sustain a higher level of readiness to change within an organization is to promote a culture of open communication and collaboration. This can be achieved by encouraging employees to provide feedback, suggestions, and concerns regarding the implementation process. By doing so, any potential issues can be identified and addressed early on, reducing the likelihood of complications later.
To ensure that change is based on current evidence, it is crucial to consult current research and literature. This involves staying updated with industry trends, best practices, and evidence-based approaches. By utilizing current research, organizations can make informed decisions and ensure that the proposed implementation aligns with the latest findings. Additionally, conducting pilot studies or small-scale trials can help validate the effectiveness of the proposed changes before full implementation.
In summary, foreseeing potential issues and promoting open communication, as well as consulting current research and literature, are essential strategies to create readiness for change and ensure that it is based on current evidence.
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What is one drawback of declaring bankruptcy?
A. It can be used only if a person has good credit.
B. It severely lowers a person's credit rating.
C. It often results in a civil lawsuit.
D. It prevents a person from getting further education.
Answers
Answer:
B. It severely lowers a persons credit rating.
Explanation:
Immediately a person files for bankruptcy, their credit history changes to bankrupt status instantly. The bankruptcy status may stay up to 10 years. It becomes very challenging for such individuals to get credit facilities. Any lender seeking to get their credit history to advance them a loan will get a bankrupt status as the feedback.
Bankruptcy means that the person does not have sufficient assets to cover their debt obligations. All their credit cards get canceled. The bankruptcy status creates a long term negative effect on credit history.
One drawback of declaring bankruptcy it severely lowers a person's credit rating. Thus, option B is appropriate.
Bankruptcy gives those who are unwilling to pay their obligations the chance to start over by selling assets to pay off debts or by developing a repayment plan. Bankruptcy laws also provide protection for financially troubled businesses. In this part, the laws and the bankruptcy procedure are described.
Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Typically, bankruptcy is imposed by an administrative order that the debtor regularly requests.
Thus, option B is correct.
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Why is investing in individual stocks a risky idea? Explain in your own words.
Answers
Answer:
investing in individual stocks can be risky if you do not invest in a relatively large number of different stocks, because you need diversification in order to help limit your risk.
Explanation:
In general "putting all your eggs into one basket" can be a risky proposition. If you only have enough money to invest in one stock then if that stock goes down in value, your entire investment goes down by the same amount. However, if you are able to invest in multiple, diversified stocks - that is, stocks for companies that operate in varying fields or businesses - when one stock goes down in value it's possible/likely other(s) will not and may go up in value. Since mutual funds exist, and mutual funds that invest in stocks do so by investing in multiple stocks, you are able to reduce your risk by purchasing a mutual fund. Each and every share in a mutual fund spreads your investment across multiple stocks for you. Many investors just don't have enough money to invest in enough individual stocks to diversify their portfolio.
Cove's Cakes is a local bakery. Price and cost information follows: Price per cake $ 13.21 Variable cost per cake 2.22 Ingredients Direct labor 1.09 Overhead (box, etc.) 0.14 Fixed cost per month $4,392.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.50 per cake. b. Fixed costs increase by $460 per month. c. Variable costs decrease by $0.25 per cake. d. Sales price decreases by $0.60 per cake. 2. Assume that Cove sold 465 cakes last month. Calculate the company's degree of operating leverage. 3. Using the degree of operating leverage, calculate the change in profit caused by a 5 percent increase in sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate Cove's new break-even point under each of the following independent scenarios: (Round your answers to the nearest whole number.). a. Sales price increases by $1.50 per cake.. b. Fixed costs increase by $460 per month. c. Variable costs decrease by $0.25 per cake.. d. Sales price decreases by $0.60 per cake.
Answers
The new break-even point would be approximately 6,100 cakes. the new break-even point would be approximately 445 cakes.the new break-even point would be approximately 398 cakes.the new break-even point would be approximately 2,711 cakes.
Cove's new break-even point will be affected by changes in sales price, fixed costs, and variable costs. An increase in sales price, decrease in variable costs, or decrease in fixed costs will result in a lower break-even point, while a decrease in sales price or increase in fixed costs will raise the break-even point.
a. If the sales price increases by $1.50 per cake, the contribution margin per cake (price - variable cost) will increase by $1.50 - $2.22 = -$0.72. To calculate the new break-even point, we divide the fixed costs by the new contribution margin per cake: $4,392 / -$0.72 ≈ 6,100 cakes. Therefore, the new break-even point would be approximately 6,100 cakes.
b. If the fixed costs increase by $460 per month, the contribution margin per cake remains the same. To calculate the new break-even point, we add the additional fixed costs to the original fixed costs and divide it by the contribution margin per cake: ($4,392 + $460) / ($13.21 - $2.22) ≈ 445 cakes. Thus, the new break-even point would be approximately 445 cakes.
c. If the variable costs decrease by $0.25 per cake, the contribution margin per cake increases by $0.25. The new break-even point can be calculated by dividing the fixed costs by the new contribution margin per cake: $4,392 / ($13.21 - $1.97) ≈ 398 cakes. Hence, the new break-even point would be approximately 398 cakes.
d. If the sales price decreases by $0.60 per cake, the contribution margin per cake decreases by $0.60 - $2.22 = -$1.62. To calculate the new break-even point, we divide the fixed costs by the new contribution margin per cake: $4,392 / -$1.62 ≈ 2,711 cakes. Therefore, the new break-even point would be approximately 2,711 cakes.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Tri Fecta, a partnership, had revenues of $366,000 in its first year of operations. The partnership has not collected on $46,400 of its sales and still owes $39,200 on $170,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $34,400 in salaries. The partners invested $41,000 in the business and $29,000 was borrowed on a five-year note. The partnership paid $3,190 in interest that was the amount owed for the year and paid $8,800 for a two-year insurance policy on the first day of business. Compute net income for the first year for Tri Fecta.
Answers
The net income for the first year of operations for Tri Fecta partnership is $183,610.
To compute the net income for the first year, we need to consider the revenues and expenses of the partnership.
The revenues for the year are given as $366,000. However, the partnership has not collected $46,400 of its sales, so we need to subtract this amount from the revenues.
Therefore, the adjusted revenues are $319,600.
Next, we need to consider the expenses. The partnership paid $34,400 in salaries, $3,190 in interest, and $8,800 for a two-year insurance policy.
These expenses are subtracted from the adjusted revenues.
Finally, we take into account the partners' investments and the borrowed amount.
The partners' investment of $41,000 does not affect the net income calculation. However, the interest paid on the borrowed amount of $29,000, which is $3,190, is already included in the expenses.
By subtracting all the expenses from the adjusted revenues, we find that the net income for the first year of operations for Tri Fecta partnership is $183,610.
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ordinary shares and their dividends are not tax deductible. As at 1 July 20X4 there were 3000000 fully paid ordinary shares on issue. There are also 180000 share options currently on issue with an exercise price of $1.69. The average market price for the ordinary shares during the year was $2.82. The tax rate is 30%. What is the diluted EPS as of Watered Down Ltd 30 June 20X5? a. 0.2690 b. 0.2190 c. 0.2201 d. 0.1815 e. 0.2283 f. 0.2130x
Answers
The diluted EPS of the Watered Down Ltd on 30 June 20X5 can be calculated using the below-given formula;Diluted EPS = {Net profit after tax - Dividend on preferred shares} / {Weighted average number of shares outstanding during the year + Number of dilutive potential shares}.
The diluted EPS of Watered Down Ltd as of 30 June 20X5 is 0.0810. The diluted EPS formula is used to calculate the earnings per share (EPS) for the companies that have the potential to issue additional shares. The additional shares are issued through the conversion of preferred shares, convertible bonds, or stock options. Dilutive potential shares are the number of shares that could be added to the company's outstanding shares if all dilutive securities were exercised. The diluted EPS formula includes these dilutive potential shares while calculating the company's EPS.
The fully paid ordinary shares and their dividends are not tax-deductible. Therefore, they are not included in the calculation of the diluted EPS formula. In the given problem, the diluted EPS has been calculated by considering the dilutive potential shares, which are 107872. The total number of shares outstanding after considering the dilutive potential shares is 3107872. The net profit after tax is $252000. By using the diluted EPS formula, we have calculated the diluted EPS, which is 0.0810.
Hence, the correct option is d) 0.1815.
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Mitch and his friends are planning a trip to the Tsunami Springs water park. The employee Mitch spoke to on the phone said the total cost for all 7 of them would be $154. This includes an entrance ticket and a $5 tube rental fee for each person. What is the cost of an entrance ticket
Answers
Answer:
Entrance ticket is $17.
Explanation:
Using a expression we can see the costs.
E - Entrance Ticket
T - Tube rental fee
7E + 7T = 154
Substitute T for the $5 that we know is the cost for tube rental.
7E + 7(5) = 154
7E + 35 = 154
-35 -35
7E = 119
/7 /7
E = $17
Answer:
Explanation:
ECONOMICS CHAPTER 2 SECTION 3
explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market
ECONOMICS CHAPTER 2 SECTION 3
Answers
Private property rights and market is in which people buy and sell resources or goods and services.
Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.
Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.
Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.
Factor market and product market- The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.
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Discuss what word comes to mind when you think of your favourite brand ? Consider your favourite brand and the emotion that one of their recent ads evoked in you
Answers
When thinking of my favorite brand, one word that comes to mind is "innovation." The brand that I admire the most is Apple. They constantly push the boundaries of technology and create innovative products that captivate consumers worldwide.
One recent Apple ad that evoked a sense of wonder and excitement in me was their commercial for the iPhone 12 Pro. The ad showcased the powerful capabilities of the phone's camera, highlighting its low-light photography and advanced video recording features.
Moreover, Apple's dedication to environmental sustainability is another reason why they stand out as a brand. They have made significant progress in reducing their carbon footprint and promoting renewable energy sources in their manufacturing processes.
Overall, the word "innovation" perfectly encapsulates my perception of Apple as a brand. Their continuous pursuit of groundbreaking technologies and their commitment to sustainability make them a frontrunner in the tech industry.
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Governments use tariffs in order to:
A. increase the cost of products imported from foreign countries.
B. promote completely free trade in all countries around the world.
C. invest government funds into a struggling domestic industry.
D. agree on the conditions of trade with another country.
PLEASE HELP :’)
Answers
Answer:Why do governments impose tariffs?
To protect newly established industries from total and premature collapse, the imposition of tax has to be made to curtail excessive demand for foreign-made goods.
Explanation:
Governments use tariffs in order to increase the cost of products imported from foreign countries. Thus the correct option is A.
What is Government?The government is referred to as an administrative body that helps to perform the function of the country by maintaining peace and order and implementing rules and laws described in the constitution and working for the welfare of its citizens.
If there were significant tariffs, the US would become less dependent on imports. By exploiting the significance of tariffs and raising taxes on imported items, domestic goods are given preference.
Tariffs is referred to taxes applied on imported goods that increase the cost of foreign goods in the country. Due to high price of foreign goods customer shift to domestic goods which helps in improving the economy.
Therefore, option A is appropriate.
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Can I Plss get some help on this
Answers
If the unemployment rate is 10%, the relevant fiscal policy action would be to A. increase government spending.
Why should we increase government spending?When government spending is increased, it would lead to more jobs in the economy as the government hires people for projects.
Unemployment would also decrease as companies hire more people to produce as they receive more demand based on the increased government spending.
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When two companies get involved in each other's business in any form, there are structural changes that take place in both companies. The following is one of the ways in which companies join forces: Two companies enter into a formal relationship to pursue a mutually beneficial goal without combining all their assets. This statement best describes a. Digicon Inc. has been a leading producer of computer hardware, including hard drives and CD-ROM drives, for a couple of decades.
More recently, Digicon entered the software market, and this division has grown to be a major part of Digicon's overall corporate structure. The hardware and software markets are very different lines of business and the firm has struggled at times when making strategic decisions that affect both lines. Digicon is now in the process of carving out its software division.
a. Which method of changing corporate control does this example illustrate?
i. Merger or acquisition
ii. Leveraged buyout
iii. Divestiture
iv. Corporate alliance
b. If Digicon proceeds with this carve-out, how will shares in the new software company likely be apportioned?
i. Shares in the new company will be sold in a public offering.
ii. Shares in the new company will be distributed to shareholders in Digicon.
Answers
The hardware and software industries are highly distinct, and the company has struggled at times when making strategic decisions that influence both lines of business. Digicon is now separating its software segment.
a. The case illustrates the divestiture technique of transferring corporate ownership, which involves the sale or spinoff of a business division or subsidiary.
b. If Digicon proceeds with the spin-off of its software division, shares in the new software company will almost certainly be issued to Digicon stockholders. This is a typical technique in divestitures since it allows existing shareholders to keep a stake in both firms while potentially gaining additional value from the success of the new company's shares.
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PLEASE HELP ME (ECONOMICS ASSIGNMENT)!!! ASAPPP
Answers
Answer:
1. Classical Economics
2. Keynesian Economics
3. Demand-Side Economics
4. Supply-Side Economics
Explanation:
Number 2 please please help me
Answers
Answer: See explanation
Explanation:
a. Public sector simply means the sector of the economy that the government controls. Examples include the military, public education, law enforcement, etc
b. The secondary sector is the sector of the economy that is concerned with how raw materials would be processed to become finished goods. The industries in this sector include construction companies, car manufacturers, textile industries, etc.
c. The tertiary sector of the economy is the sector that is concerned with services. This sector is important because:
• it helps in the provision of basic services like health care delivery, education, etc.
• it also helps in the development of several sector in the economy such as communication, and transportation.
• it contributes a huge part to the gross domestic product of a country.
d. The reason why some ministers may want to privatize some business include
• when the resources are not being efficiently utilized and there's wastage of resources.
• to improve competition
• it also brings about increase in effectiveness and efficiency.
e. The public sector alwayw produces goods and services more efficiently than the private sector as the government always looks to tackle market failure. Apart from that, the government looks out for the welfare of the people in the society and it's main motive is not profit maximization like the private sector.
As Timothy examines markets that might match his company’s investment requirements, he is particularly interested in the fact that the European Community has an extensive transportation network. This network seems to draw all the member nations closer together physically. What critical factor for ensuring an effective economic union is Timothy most likely examining when reviewing transportation networks?
Answers
Answer:
The correct answer is "Geographic proximity ".
Explanation:
Proximity to geography is also a subjective measure. It relies on personal judgments based on empirical evidence as well as on sensory experiences.This consideration becomes more expected to be investigated by Timothy while evaluating transportation infrastructure for establishing a successful economic community. It is indeed a concept of social or economic networking, health, as well as ethnicity, are significant factors on either the partnership.Please Help me with this. I don't understand.
Answers
Answer:Your posting to many stuff just wait and see what people are gonna say
Explanation:
Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.
Answers
Answer:
B. economic principles affecting entire countries.
Explanation:
Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.
Answer:
economic principles affecting entire countries
Explanation:
i took the test
Will you borrow and act on the business idea of others?
Answers
Stop Killing Your Ideas. "Ideas," John Steinbeck once said, "are like rabbits. ... Most ideas don't stand a chance.
In 2017, Blake purchased a new home. In addition to the purchase price of $200,000, he paid $700 in legal fees and $2,000 in recording costs. In 2019, he added a deck at a cost of $5,000. Blake's basis in his home is:
Answers
Answer:
$207,700
Explanation:
Blake's basis in his home in 2017 = purchase price + legal and administrative fees = $200,000 + ($700 + $2,000) = $202,700
Since the deck that Blake added to his home is considered an improvement that is permanent and increases the home's value, it will also increase the home's basis = $202,700 + $5,000 = $207,700
Question 5 of 10
For accountants, which of the following is the most important consequence
of the unethical use of technology?
A. the threat to the reliability of accounting systems
OB. the direct and indirect loss of revenue
C. the possibility that privacy will be compromised
D. the loss of trust in the accounting profession
SUBMIT
Answers
The most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
What are accounting systems?Accounting systems are described as the controls, procedures, and processes in accounting. The main purpose of accounting systems is to make a summary and record the different business transactions in a way that will allow the creation of reports, and enhance operations.
If the accountants are unethically using technology, then it will directly impact the accounting processes, and transaction records of businesses, and the financial report will produce erroneous results and will highly degrade the decision-making process.
It can be concluded that the most important consequence of the unethical use of technology for accountants is the threat to the reliability of accounting systems (option A).
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Answer: The loss of trust in the accounting profession
Explanation: believed the other person aaaannnnnddddd got it wrong
when does texas receive its highest level of insolation
Answers
Texas receives its highest level of insolation during the summer months, particularly in June and July. Insolation, or incoming solar radiation, is the amount of sunlight that reaches the Earth's surface.
It is determined by the angle of the sun, the Earth's axial tilt, and atmospheric conditions. During summer in Texas, the sun is at a higher angle in the sky, which allows for more direct sunlight and a higher intensity of insolation.
Additionally, longer daylight hours in summer months contribute to increased insolation. The combination of these factors leads to Texas experiencing its highest levels of insolation during the summer season, with June and July being the peak months for solar radiation.
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the strategy of investors who are attempting a leveraged buyout is to:
Answers
The strategy of investors who are attempting a leveraged buyout is to acquire a company using a significant amount of borrowed money, typically through a combination of debt and equity financing.
In a leveraged buyout (LBO), investors aim to take control of a target company by using borrowed funds to finance a large portion of the acquisition cost. The investors contribute a smaller amount of their own capital, while the rest of the purchase price is covered by debt. This strategy allows investors to amplify their potential returns by using leverage, as they expect that the acquired company's future cash flows will be sufficient to repay the debt and generate a profit.
LBOs are often pursued when investors believe they can improve the target company's financial performance or extract value through various means, such as cost-cutting measures, operational improvements, or restructuring. By taking advantage of the company's assets, cash flows, or growth potential, investors aim to enhance its value and generate a higher return on their investment.
The strategy of investors in a leveraged buyout involves using borrowed funds to acquire a company, with the expectation of improving its performance and generating a higher return on investment. By employing leverage and implementing value-enhancing measures, investors seek to capitalize on the target company's potential and maximize their profits
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What factors do you think are most important to luxury buyers?.
Answers
Explanation:
•The Value of Space. When it comes to luxury homes, it's all about space. ...
•Entertaining Excellence. ...
•Security & Convenience. ...
•Keeping Things Exclusive.
The graph shows the marginal cost of producing soccer cleats for Sabrina’s Soccer. At which level of production does the company make the most profit? the first pair of cleats the second pair of cleats the third pair of cleats the fourth pair of cleats
Answers
Answer:
first pair of cleats.
Explanation:
Wetlands help reduce erosion through _______.
Answers
Answer:
Wetlands reduce water erosion by trapping sediments.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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