destroyed? How much Direct Materials inventory was destroyed? 2. All of the following are true EXCEPT that indirect costs A. may be included in prime costs. B. are not easily traced to products or services. C. vary with the selection of the cost object. D. may be included in manufacturing overhead. 3. At a breakeven point of 200 units‚ variable costs total $400 and fixed costs total $600. The 201st unit sold will contribute how much to profits? (6 pts)
Premium Variable cost Costs Fixed cost
shoes maximizes Sarah’s utility? How did you arrive at this answer? ln other words‚ what criteria must be met in order for her utility to be maximized ? lEjtut. T\ere are three: (1) Deals with Total and (3) Deals with her Income Spent.] Utility‚ (2) Deals with MU/$ of each good (B)Supposethereisa@!!g’‚allelseremainsunchangedand for Sarah‚ clothing and shoes are substitutes. (1) How does the quantity demanded of clothing chan ge? lEjUt: law ofdemandl (2) How does the D-curve for shoes react?
Premium Economics
responsible for forty percent of the world ’s oil production and also holds the bulk of the world ’s oil reserves. OPEC can manipulate the price of the oil‚ which in turn changes the price of gasoline (Bonsor & Grabianowski‚ 2008‚ para. 17). How is this done? It can be explained using simple supply and demand. If OPEC wants to raise the price of crude oil‚ they would simply slow down production. This reduced production would cause a price increase in crude oil‚ as a shortage of supply has occurred
Premium Peak oil Petroleum OPEC
Chapter 1 1. Describe some of the trade-offs faced by each of the following: 1. a family deciding whether to buy a new car 2. a member of Congress deciding how much to spend on national parks 3. a company president deciding whether to open a new factory 4. a professor deciding how much to prepare for class 5. a recent college graduate deciding whether to go to graduate school 2. You are trying to decide whether to take a vacation. Most of the costs of the
Premium Economics Supply and demand Opportunity cost
Differences Between Keynesian Economics and Classical Economics Economics thinking has evolved over time as economists develop new economic theories to fit the realities of a changing world. Monetary and fiscal policies change over time. And so does our understanding of those policies. Some economists argue that policies that lower the unemployment rate tend to raise the rate of inflation. Others insist that only unexpected inflation can influence real GDP and employment. If the latter economists
Premium Keynesian economics Macroeconomics Inflation
ceteris paribus. [pic] 2. The cross price elasticity between the demand for Washington State apples relative to Pennsylvania apples is +0.7. What can be said about the perceived differences in quality between the two apple varieties? How would your answer change if the cross price elasticity were only +0.1? Since the cross price elasticity is positive‚ these 2 apple varieties are substitutes for each other. The Ecross= +0.7 indicates a closer substitute relationship. If
Premium Supply and demand Consumer theory Elasticity
But subsidies are essential‚ and has always been so to ensure the survival of all persons in Malaysia - especially those from the lower-incomed groups - including the middle class. The plan of removing subsidies - and using the money saved to channel financial assistance directly to the poor is being now thrown around. But alas‚ this really will not work given the rise of ’corruption’ and ’discrimination’ in Malaysia. Even today‚ there are many complaints that the UMNO-led BN government discriminates
Premium Public good Protectionism Malaysia
corporate bonds‚ preferred stocks‚ and common stocks. - Evaluate financial assets and portfolios using fundamental analysis‚ modern portfolio theory‚ CAPM‚ and capital structure. - Calculate the weighted average cost of capital for a firm‚ and explain how to determine target capital structure. - Understand payout policy (by dividend‚ or share repurchase). - Use MS excel in all above calculations and analyses. Text books: Eugene Brigham and Michael Ehrhardt‚ Financial Management‚ Theory and Practice
Premium Finance Weighted average cost of capital
Economic problems. The economic problem‚ sometimes called the basic‚ central or fundamental economic problem‚ is one of the fundamental economic theories in the operation of any economy. It asserts that there is scarcity‚ or that the finite resources available are insufficient to satisfy all human wants and needs. The problem then becomes how to determine what is to be produced and how the factors of production (such as capital and labor) are to be allocated. Economics revolves around methods and
Premium Economics Economic system Market economy
How successful were the social and economic reforms introduced by Tory governments in the years 1819 to 1829? The Tory government from 1819 to 1829 introduced a lot of social and economic reforms‚ which had both positive and negative effects and varied in success. The cabinet shuffle in 1822 gave the Tories a ‘liberal’ reputation as many of the successful reforms came after this; however it can be questioned whether or not they were as liberal as they seemed as a lot of their reforms had already
Premium Catholic Emancipation William Pitt the Younger International trade