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2 years ago

15

In most developing countries, there are long lines of taxis at airports, and these taxis often wait two or three hours for a cus

tomer. a. What does this tell you about the price in that market

1 answer:

Ne4ueva [31]2 years ago

6 0

The price must be greater than the equilibrium price, causing excess supply

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Tomorrow at 9:00am you have a job interview. Because interviews have become routine for you and you know how the interview proce

Zigmanuir [339]

Answer:

Neither your self serving bias nor constructs nor ethnocentrism nor stereotypes. None of the stated

3 0

2 years ago

San Francisco Corporation uses two materials in the production of its product. The materials, X and Y, have the following standa

levacccp [35]

Answer:

(1) Material usage variance for X: 1,500 (Favorable)

(2) Material usage variance for Y: -19,500 (Adverse)

Explanation:

Material usage variance for X:

Standard Mix for actual Yield:

= (Standard mix of material X ÷ Yield) × Yield actual mix

= (3,500 ÷ 4,000) × 36,000

= 31,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (31,500-30,000) × $1

= 1,500 (Favorable)

Material usage variance for Y:

Standard Mix for actual Yield:

= (Standard mix of material Y ÷ Yield) × Yield actual mix

= (1,500 ÷ 4,000) × 36,000

= 13,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (13,500 - 20,000) × $3

= -19,500 (Adverse)

Total = (19,500) + 1,500

= (18,000) [Adverse]

4 0

2 years ago

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 28,500 uni

gregori [183]

Answer:

Capacity utilization rate in October is 63.75%

Explanation:

Units produced in October = 18170

Units production in most efficient way = 28500

Capacity utilization rate in October = 18170 / 28500 = 0.6375

In percentage, it is 63.75%

6 0

2 years ago

Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit

arsen [322]

Answer:

1. 1.22

Explanation:

P = Price of money clip

S = Supply of money clip

P1 = 0.75

P2 = 0.90

S1 = 8,000

S2 = 10,000

Mid point Formula = [ ( S2- S1 ) / ( P2- P1 ) ] / [ ( ( S2+ S1 ) / 2) / ( ( P2 + P1 )/2 ) ]

Price Elasticity of Supply = [ ( 10,000- 8,000 ) / ( 0.90- 0.75 ) ] / [ ( ( 10,000+ 8,000 ) / 2) / ( ( 0.90 + 0.75 )/2 ) ]

Price Elasticity of Supply = (2,000 / 0.15) / (9,000 / 0.825)

Price Elasticity of Supply = 13,333.33 / 10909.09

Price Elasticity of Supply = 1.22

3 0

2 years ago

You are exploring a career in nursing in the state of MA. The average hourly wage for a RN is $33.37. You are planning to work 4

yawa3891 [41]

Answer:$1,735.24

half is 1.5

40 regular hours * $33.37 = $1334.8

8 overtime hours * (1.5 * $33.37) = $400.44

$1334.8 + $400.44 = $1735.24

6 0

2 years ago