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Manufacturing overhead allocated using ABC will: A. be more accurate and representative of resources consumed than a traditional allocation method B. always be lower than if a traditional allocation method is used C. always be higher than if a traditional allocation method is used D. generally be the same as when a traditional allocation method is used
We would like to estimate the need for physicians in a country. What approach would you follow to estimate the need? Briefly describe the method you are proposing (describe one method only) and discuss some potential limitations of the approach.
q1. suppose bob considers borrowing 100 from sheila at a 10 percent interest rate. they both think that a 4 percent
Woody's utility function is U(C, R)= C- (12-R)^2, where C is his consumption and R is the amount of leisure he has per day. He has 16 hours a day to divide between work and leisure. He has an income of 20$ a day from non-labour sources. If Woody can ..
Compare the efficiency of monopolistic and perfectly competitive markets. Discuss the economic factors that lead to the development of monopolies. Examples of monopolies include electric utilities, railroads, airlines, cable television, and sports le..
The investors in exercise 2 are surprised by firm's performance in year 5. Instead of being $20 million, the firm's profits are $40 million. What happens to firm B's stock price in year 6 and 7?
Please describe the actions of the economic actors in the economic circular flow diagram and the physical and monetary transactions that occur in each market of circular flow diagram. What is the circular flow diagram describing? Please explain the t..
Why do you think motorcycle makers did not adopt voluntary emissions standards? Should they have done so? Why or why not?
Our recent recession seems to demonstrate again that expenditures and incomes depend on each other. If markets do not self adjust, how can a decline in spending lead to a negative process that ruins an economy? (Consider referencing the "Keynesian Cr..
Nurses are used by the clinic to provide clinic visits. Each visit brings $2 in avenue for the clinic. The relationship between nursing units and clinic visits is as follows: The following is a labor supply function: Wage per hour Quantity of Nu..
Describe how the equilibrium wage and employment levels are determined. Depict how a legal minimum wage alters market outcomes.
What is the name of the business? Which industry does the business operate in? What does the business produce? What are some examples of factors of production that the business uses? Be specific. What type of market structure does the business operat..
An injection molder is purchased for $500,000 for a large scale commercial operation. Its expected life is production of 2 million plastic wheels. Its salvage value is $1,000. Using the units of production method, calculate the depreciation rate per ..
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