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alexira [117]
2 years ago
6

Louise Bragan has a sideline business of carving candlestick holders. She began by hand carving them with simple tools. On avera

ge, it costs $150 in materials, and miscellaneous costs ran $50 to produce 1,300 candlestick holders. She estimates that her labor cost was $200. What was her multifactor productivity to produce candlestick holders
Business
1 answer:
Darya [45]2 years ago
8 0

Answer:

3.25 holder/$

Explanation:

Given:

Material cost = $150

Miscellaneous costs = $50

Labor cost = $200

Total production = 1300 candlestick

  • Multi-factor productivity = Output / (labor cost+ material cost+capital+Miscellaneous costs)

Multi-factor productivity = 1300 / ($200+$150+$50)

Multi-factor productivity = 1300 / ($400)

Multi-factor Productivity = 3.25 holder/$

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C. Businesses create goods for product markets to sell.

Explanation:

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2 years ago
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Orleans Corporation, a U.S. corporation, reported U.S. taxable income of $2,000,000. Included in the computation of taxable inco
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Answer:

$420,000

Explanation:

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Using this formula

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8 0
2 years ago
A price ceiling will have NO immediate effect if: a. it is set above the equilibrium price. b. the equilibrium price is above th
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Answer:

A. Set above equilibrium price

Explanation:

A price ceiling is a mandatory maximum price that a seller is allowed to charge. Generally, a government may impose this in order to protect consumers, especially with regards to the purchase of essential goods.

If the price ceiling was set below the equilibrium price (option c) or if the equilibrium price is above the price ceiling (option b), it will immediately cause a shortage (option d) since the quantity demanded would be higher than the quantity supplied when the price falls. This is because people will be willing to purchase more since it is cheaper but suppliers will be willing to produce less due to lower profits. Hence, options b, c and d are eliminated.

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When the price ceiling is above the equilibrium price, suppliers are willing to supply more since they can make higher profits but consumers will reduce purchasing since it is expensive. However, it does not cause any immediate effect because it takes time for suppliers to be able to produce more and cannot be done immediately unless anticipated in advance. In the long run however, quantity demanded will fall from equilibrium quantity to D1 and quantity supplied will rise from equilibrium quantity to S1. Hence, causing a surplus between D1 - S1 in the long run.

4 0
2 years ago
It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the th
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<span>It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. what is the payback period of the ice cream cart? 
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the answer is E.
6 0
2 years ago
Martha, who is single, has a main home in Houston. In the current year, she rented it for 10 days, receiving $5,000 in rental in
uranmaximum [27]

Answer:

$5,000 increase

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