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liberstina [14]
2 years ago
5

Suppose a museum charges different entrance fees for children, students, adults and seniors, but these groups all pay the same a

mount for souvenirs at the gift shop. which of the following explains why the museum price discriminates on admission but not souvenirs?
the entrance ticket is individualthe entrance ticket is collective
Business
1 answer:
Pepsi [2]2 years ago
4 0

Answer:

the entrance ticket is individual, while souvenirs are transferable

Explanation:

Based on the scenario been described in the question, the museum charges different entrants fee from children, which make the ticket and individual ticket at it was able to reduce the price for children, while the museum charges the same price for all the group on souvenirs, that is because souvenirs are transferable compared to the tickets.

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Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product D80D
Dmitry_Shevchenko [17]

Answer:

Manufacturing overhead rate variance= $3,741 unfavorable

Explanation:

Giving the following information:

The standard variable overhead rate is $6.10 per direct labor-hour.

During the most recent month, 1,300 units of product D80D were made and 8,700 direct labor-hours were worked. The actual variable overhead incurred was $56,770

To calculate the variable overhead rate variance, we need to use the following formula:

Manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

actual rate= 56,770/8,700= $6.53 per hour

Manufacturing overhead rate variance= (6.1 - 6.53)*8,700

Manufacturing overhead rate variance= $3,741 unfavorable

4 0
2 years ago
Helen, who is single, is considering purchasing a residence that will provide an $18,000 tax deduction for property taxes and mo
GenaCL600 [577]

Answer:

amount of tax saving is $4320

Explanation:

given data

tax deduction = $18000

marginal tax rate = 24%

effective tax rate = 20%

to find out

amount of tax saving

solution

we know tax saving formula that is

tax saving = tax deduction × marginal tax  ........................1

so now put here all value in equation 1

tax saving = tax deduction × marginal tax

tax saving = 18000 × 24%

tax saving = 18000 × 0.24

tax saving = 4320

so amount of tax saving is $4320

4 0
2 years ago
Julie wants to open a bank account with $75. julie estimates that she will write 20 checks per month and use her atm card at the
Neporo4naja [7]

This will ultimately depend on the bank, but no matter what it is important to look at fees, locations, services, and interest rates when considering your next bank.

7 0
2 years ago
If we accept "consumer satisfaction" as the objective of our macro-marketing system, this means that: consumer educators should
Ad libitum [116K]
If we accept "consumer satisfaction" as the objective of our MACRO-marketing system, this means that <span>each consumer should decide how best to satisfy his or her own wants. In marketing, there are 4 Ps which are product, price, plan and promotion. Regarding MACRO-marketing, this is the study on how marketing (the 4 Ps) impacts our economy and society. Since each consumer can decide what is best for them, experts then see what each consumer desires and tries to make items appeal to them. </span>
5 0
2 years ago
Production possibilities frontiers are usually bowed outward. This is because Group of answer choices 1.it reflects the fact tha
harkovskaia [24]

Answer:

3. the more resources a society uses to produce one good, the fewer resources it has available to produce another

Explanation:

The production possibilities frontier (PPF) is a curve that shows the trade-offs that a person, firm, or country has to incurr when producing two goods.

As economic agents have limited resources, they can only produce a limited amount of one good over the other.

If more resources are devoted to the production of one good, for example, butter, then, less resources are left for the production of the other good, for example, guns.

With each additional unit of butter produced, more resources are spent, which means that less resources are available to produce guns.

In other words, the opportunity cost of producing butter increases as more butter is made, causing the PPF to bow outward.

4 0
2 years ago
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