consider the following hypothetical data for 2019 and 2020. 2019 2020 money supply 1,500 1,650 velocity 5 5 real gdp 14,400 14,400 the price levels for 2019 and 2020 are: instructions: enter your responses rounded to two decimal places. 2019: 0.52 2020: 0.55 instruction: enter your response as a whole number. rate of inflation between 2019 and 2020: 6 %

Answers

Answer 1

Based on the provided data, the rate of inflation between 2019 and 2020 is approximately 6%.

This can be calculated using the quantity theory of money, which states that the nominal GDP is equal to the money supply multiplied by the velocity of money.

Therefore, nominal GDP for 2019 can be calculated as

1,500 x 5 = 7,500, and for 2020 it can be calculated as

1,650 x 5 = 8,250.

Real GDP is constant at 14,400, so the difference between nominal GDP and real GDP is due to inflation.

The price level for 2019 can be calculated as

7,500/14,400 = 0.52 , and for 2020 it can be calculated as

,250/14,400 = 0.55.

Therefore, the rate of inflation between 2019 and 2020 is [(0.55 - 0.52) / 0.52] x 100% = 5.77%, which can be rounded to 6%.

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Related Questions

Which command is used to draw visible line form invisible line mode *
in microsoft window logo
PD
PU
PE
None of these

Answers

In Microsoft window logo, the command which is used to draw visible line that forms an invisible line mode is: A. PD.

Microsoft window logo is a programming language that was designed and developed at the Massachusetts Institute of Technology (MIT) by George Mills, based on the educational programming language called Logo.

Some of the commands that are used on Microsoft window logo include the following:

FORWARD (fd)BACK (bk)HOMERIGHT (rt)Pendup (PU)Pendown (PD)

In Microsoft window logo, the Pendown (PD) command is used to instruct the turtle to draw a visible line or leave ink (tracks) on the screen as it moves. Thus, it is a command which is used to draw visible line while forming an invisible line mode.

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Does the Federal Reserve pay taxes?

Answers

Answer:

Federal Reserve banks are exempt from paying taxes at the federal, state and local levels, except on real estate holdings. This is because of rules on taxation set forth in Section 7(c) of the Federal Reserve Act.

Explanation:

Match the terms in Column I with the descriptions in Column II


Column I

1. Religious values

2. Prudential values

3. Intellectual values

4. Accountability

5. Aesthetic values

6. Integrity

7. Economic values


Column II

A. concerned with one's religious doctrine

B. concerned with beauty and appearance concerned with one's own interests

C. concerned with reasoning

D. concerned with cost, efficiency, and control

E. people with this value behave in a manner that is consistent with ethical beliefsa

F. quality in individuals whereby each knows, understands, considers and accepts

G. the impact and consequences of personal actions and decisions

Answers

Answer:

Where is a picture of the assignment

Explanation:

How are Epigenetic tags different from genes?

* please i really need help i ask this question but nobody answer so i had to post it again \(>~<)/

Answers

Answer:

epigenetics is the term used to describe inheritance by mechanisms other than through the DNA sequence of genes. It can apply to characteristics passed from a cell to its daughter cells in cell division and to traits of a whole organism.

Explanation:

Which of the following are reasons you can claim additional allowances CHOOSE ALL THAT APPLY
A. You file as head of household if you are eligible
B. You are a single filer and plan to make a large purchase next year such as a house or car
C. You're eligible to claim the Child Tax Credit
D. You had at least the minimum amount required of child or dependent care expenses that you plan on claiming credit

Answers

Answer:

no por que. no se inglés ponlo en español

If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company: Year 1 Year 2 Year 3 Year 4 High price $ 27.43 $ 26.32 $ 30.42 $ 37.01 Low price 19.86 20.18 25.65 26.41 EPS 1.35 1.58 1.51 1.85 Earnings are projected to grow at 9 percent over the next year. a. What is your high target stock price over the next year

Answers

Answer:

High target price 38.8821

Low target price 29.6153

Explanation:

Calculation to determine your high and low target stock price over the next year

First step is to calculate the seperate yearly PE ratio for High and low price using this formula

PE ratio = Market price / EPS

EPS = B

Low = C

High = D

Let plug in the formula

Year 1

PE(High) C/B = $ 27.43/1.35

PE(High) C/B = 20.3185

PE(Low) D/B = 19.86/1.35

PE(Low) D/B = $14.7111

Year 2

PE(High) C/B = $ 26.32/1.58

PE(High) C/B = 16.6582

PE(Low) D/B = 20.18/1.58

PE(Low) D/B = 12.7722

Year 3

PE(High) C/B = $ 30.42/1.51

PE(High) C/B = 20.1457

PE(Low) D/B = 25.65/1.51

PE(Low) D/B = 16.9868

Year 4

PE(High) C/B = $ 37.01/1.85

PE(High) C/B = 20.0054

PE(Low) D/B = 26.41/1.85

PE(Low) D/B = 14.2757

Second step is to calculate the seperate Average PE for high and low price

Average PE

HIGH(20.3185+16.6582+20.1457+20.0054 / 4)

HIGH = 77.1278/4

HIGH=19.28195

LOW=($14.7111+12.7722+16.9868+14.2757/4)

LOW=58.7458/4

LOW=14.6865

(a) Now let calculate the high target stock price over the next year

Using this formula

High target price = Average PE(high) x EPS for next year

Let plug in the formula

High target price = 19.28195 x[(1+.09)×1.85]

High target price = 19.28195 x(1.09*1.85)

High target price = 19.28195*2.0165

High target price=38.8821

Therefore the high target stock price over the next year is 38.8821

(b) Calculation for the low target stock price over the next year

Using this formula

Low target price = Average PE(low) x EPS for next year

Let plug in the formula

Low target price = 14.6865 x [(1+.09)×1.85]

Low target price = 14.6865x(1.09*1.85)

Low target price = 14.6865×2.0165

Low target price = 29.6153

Therefore the low target stock price over the next year is 29.6153

Question 1 "Termination by addition. This is where a project is made more or less a an external, but full-fledged addition to the parent organization. For example, a new department of a business would be built as an extension of existing business facilities, to operate with substantial independence from other segments of the corporation". a) Referring to above statement. Due to spreading of pandemic COVID-19 delta variant, the implementation of business plans was delayed. Financial matters forces mergers of business. Discuss (YES and NO) whether the decision of merger could be made as a supporting reason(s) related to the termination by addition. (Give your answers in point form). (10 marks) b) Some of new projects may begin due to Covid-19 situation, for example designing and producing anti-Coronavirus apparel product. However, several challenges mattered. Give three (3) examples of those challenges related to stakeholders, market and outcome-based analysis. As a project manager, use the product case study example as described to discuss required aspects for a time/cost/scope project to address the challenges. (Give your answers in point form)

Answers

a. COVID-19 financial issues may support merger termination, depending on merger circumstances and objectives.

b. Designing and producing anti-Coronavirus apparel faces challenges like stakeholder alignment, market demand uncertainty, and measuring effectiveness, requiring careful consideration of time, cost, and scope.

a) The decision of a merger as a supporting reason for termination by addition due to the spread of the COVID-19 delta variant depends on the specific financial circumstances and objectives of the organizations involved. The merger may be considered as a means to enhance financial stability, consolidate resources, or leverage synergies in a challenging economic environment. However, it should be evaluated on a case-by-case basis, considering factors such as strategic fit, market conditions, regulatory implications, and long-term sustainability.

b) Challenges related to stakeholders, market, and outcome-based analysis in designing and producing anti-Coronavirus apparel products include:

1. Stakeholder alignment: Ensuring that stakeholders, such as suppliers, manufacturers, distributors, and customers, are aligned and committed to the project goals and requirements. This involves effective communication, collaboration, and managing expectations throughout the project lifecycle.

2. Market demand uncertainty: Assessing and predicting the market demand for anti-Coronavirus apparel products amidst the evolving pandemic situation. It requires conducting market research, analyzing consumer behavior, and adapting the product design and production accordingly to meet customer needs.

3. Measuring the effectiveness of the product: Evaluating the impact and effectiveness of the anti-Coronavirus apparel product in mitigating the spread of the virus. This involves conducting outcome-based analysis, collecting relevant data, and measuring key performance indicators to assess the product's efficacy and make necessary improvements.

As a project manager, addressing these challenges requires considering the time, cost, and scope aspects of the project. It involves setting realistic project timelines, allocating resources effectively, managing budget constraints, and ensuring that the project scope is aligned with the identified challenges and objectives. Effective project planning, risk management, stakeholder engagement, and continuous monitoring and adjustment are essential to overcome these challenges and successfully deliver the project.

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a1 electronics has one product in its ending inventory. per unit data consist of the following: cost, $23; selling price, $30; selling costs, $4. what unit value should a1 use when applying the lower of cost or net realizable value rule to ending inventory?

Answers

The unit value should a1 used when applying the lower cost or net realizable value rule to ending inventory is $26.

Calculation:z

Net realization value = selling price - selling cost

= $30 - $4

= $26

The asset is the resource used by the company to generate income. Assets can be classified into different types Current assets long-term assets, and intangible assets. Assets that are expected to be converted into cash within one year are called current assets.

Assets that are expected to be converted into cash for more than one year are called long-term assets. An asset that cannot be touched and seen is called as an intangible asset. Goodwill patents etc are examples of intangible assets. Inventory is one of the important current assets of a company. Inventory includes raw materials work in process and finished goods. Raw materials inventory is a component used by the company to produce finished goods.

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The figure below represents the U.S. market for steel imports from South Korea. The South Korean government provides an export subsidy of $25 per ton, and South Korean firms use the subsidy to reduce their export price to the United States to $375 per ton.

Answers

The South Korean government's export subsidy allows South Korean steel producers to reduce their export price to the United States to $375 per ton, making it more competitive in the U.S. market. This strategy helps South Korean steel firms increase their market share and strengthens their position in the global steel industry.

The correct answer is option D. An export subsidy of $25 per ton provided by the South Korean government will result in a lower price of $375 per ton for the steel that is being imported by the United States.In the given scenario, the South Korean government provides an export subsidy of $25 per ton to the South Korean steel industry. The South Korean firms use this subsidy to lower their export price to the United States. As a result, the price of steel being exported to the United States from South Korea decreases to $375 per ton. Therefore, option D is the correct answer.

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Which industries employ the largest number of people in the United States?

Answers

The education and health services industry employed the largest number of people in the United States.

The education and health sectors are important pillars of the US economy. The health sector was instrumental in the post-2008 economic recovery. Employment growth here is about seven times that of the overall economy.The growth is driven by an aging population and increase in lifestyle diseases.

The emergence of online education has also added significantly to the growth in jobs in the education industry. In 2021, these industries employed about 35 million people. These sectors also receive the highest public investment. But there are significant problems here. This includes the continuing gender pay gap.

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1.Discuss scale of business -micro, small, and medium enterprises -Large scale enterprises and public enterprises -MNC

Answers

Answer:

The main difference between these business is the investment and number of people.

Explanation:

A micro enterprise is an enterprise where investment in plant and machinery is less than one million whereas small enterprise has the investment less than 15 million in plant and machinery. A medium enterprise is an enterprise where the investment in plant and machinery is more than 15 million and less than 100 million. Large scale enterprises is a type of enterprise have more employees and more complex management than in the medium-scale businesses. Public enterprise is a type of business organization wholly or partly owned by the state but controlled through a public authority.

The quantity of money demanded is the A) average daily volume of bank account withdrawals. B) amount that people and businesses choose to hold. C) fraction of cash holdings in an average investment portfolio. D) income and volume of profits that people and businesses would like to receive. E) sum of checkable and savings deposits at banks. When you accumulate more money, A) the marginal benefit of holding money decreases. B) the opportunity cost of holding money decreases. C) your marginal tax rate falls. D) you earn a lower rate of interest on your checkable deposit. E) the interest rate you are paid on your currency increases. As opportunity cost of holding money increases, people can A) do nothing. B) try to maximize marginal benefit. C) find a better job. D) seek substitutes for money. E) increase the demand for money but not the quantity of money they hold. The quantity of money demanded will decrease if the A) inflation rate decreases. B) nominal interest rate decreases. C) real interest rate decreases. D) nominal interest rate increases. E) price level rises. The lower the nominal interest rate, the A) greater the demand for money. B) greater the quantity of money demanded. C) greater the quantity of money supplied. D) smaller the demand for goods and services. E) smaller the quantity of money demanded.

Answers

The quantity of money demanded (B) refers to the amount that people and businesses choose to hold in the form of cash or deposits.

As individuals accumulate more money, (A) the marginal benefit of holding money decreases because the value of each additional unit of money decreases.

When the opportunity cost of holding money increases, people typically (D) seek substitutes for money, such as interest-bearing investments, to maintain the value of their assets.

The quantity of money demanded will decrease if the (D) nominal interest rate increases, as higher interest rates make holding money less attractive compared to interest-bearing assets.

Conversely, the lower the nominal interest rate, the (B) greater the quantity of money demanded, because the opportunity cost of holding money is reduced, making it more appealing for people to hold cash and deposits.

What is demand for money?

In monetary economics, the demand for money is the desired holding of financial assets in the form of money: that is, cash or bank deposits rather than investments. It can refer to the demand for money narrowly defined as M1 (directly spendable holdings), or for money in the broader sense of M2 or M3.

Money in the sense of M1 is dominated as a store of value (even a temporary one) by interest-bearing assets. However, M1 is necessary to carry out transactions; in other words, it provides liquidity.

This creates a trade-off between the liquidity advantage of holding money for near-future expenditure and the interest advantage of temporarily holding other assets.

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Other debt should be included such as car loans, student loans and credit cards when considering BOTH the 20% and the 10% in the 20-10 rule.

Answers

The 10/20 rule is a budgeting method that can be used by just about anyone, even if it's only a general guideline rather than a binding decree

What's the 10 20 rule in finance?The 10/20 rule is a budgeting method that can be used by just about anyone, even if it's only a general guideline rather than a binding decree. The goal is to keep your overall debt to no more than 20% of your annual income and your monthly payments to no more than 10% of your net monthly income. According to the 20/10 rule, your monthly and annual consumer debt payments should each not exceed 10% of your monthly and annual take-home pay. This guideline might help you determine how much you should be spending on debt repayments and set a ceiling on how much new debt you will accept.

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2. Suppose the market price of a good is $20 and TC=0.5Q2.
a) What Q should a profit maximizing perfectly competitive firm choose?
b) What are profits?
c) Draw a graph that shows the short run choice of Q, revenue and profits.

Answers

Q should a profit maximizing perfectly competitive firm at 20, profits are 200 and graph is attached.

The firm of the market where there are many buyers and many sellers with that of product differentiation is known as a perfect competitive market.

a) P = 20 TC = 0.5Q^2 MC = d/ dQ ( TC ) =1Q = Q TR = P* Q = 20Q MR = 20 MC = MR/ P = Q = 20 π max , condition of perfect compitition :

b) TR = PQ = 20 Q Profit = TR - TC = 20Q - 0.5Q^2 AC = 0.5Q^2/ Q = 0.5Q = 0.5* 20 = 10 Profit = (MC - AC ) * Q =( 20 - 10 ) *20 = 200

c) The attached diagram forms the structure of the shaded area as the profit-earning area for the competition through time.

Profit per quantity is an excellent framework for describing the difference between the AC and the MC.

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2. Suppose the market price of a good is $20 and TC=0.5Q2.a) What Q should a profit maximizing perfectly

for inventorial costs to become expenses under the matching principle, group of answer choices all accounts payable must be settled. the product must be finished and in stock. the product must be expensed based on its percentage-of-completion. the product to which they attach must be sold

Answers

The correct answer is option (d) the product to which they attach must be sold. Inventorial costs become expenses when the product to which they attach is sold, in accordance with the matching principle.

Inventorial costs are costs associated with the production of goods, which are initially recorded as assets on the balance sheet. However, in order to match these costs with the revenues they help generate, they must eventually be recognized as expenses on the income statement.
The matching principle requires that expenses be recognized in the same period as the revenues they help generate.
Settling all accounts payable, is not directly related to the matching principle. While it is important to settle accounts payable in a timely manner, it does not determine when inventorial costs become expenses.
Having the finished product in stock, is a necessary condition for recognizing inventorial costs as expenses, but it is not sufficient on its own. The product must also be sold in order for the costs to be matched with the revenues generated.
Expensing the product based on its percentage-of-completion, is a method used in certain industries, such as construction, where it can be difficult to determine when a project is complete. However, it is not applicable to the question of when inventorial costs become expenses under the matching principle.
In conclusion, inventorial costs become expenses when the product to which they attach is sold, in accordance with the matching principle. This ensures that expenses are recognized in the same period as the revenues they help generate, providing a more accurate picture of a company's financial performance.

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.As the number of employees in an organization grows, structure tends to become more __________.
a.
flexible.
b.
informal.
c.
organic.
d.
formalized.

Answers

As the number of employees in an organization grows, the structure tends to become more Option D. formalized.

This is because, with the increase in the number of employees, there is a need for clear lines of authority, communication channels, and procedures for decision-making. A formal structure provides a framework that ensures everyone knows their role and responsibilities, how decisions are made, and how information is communicated. This, in turn, leads to more efficient operations and better outcomes.

Formal structures are characterized by a hierarchical system of authority, clear lines of communication, and well-defined job roles. They also have a set of rules, policies, and procedures that guide decision-making and behavior. As organizations grow, it becomes difficult to manage without such structures.

However, it is also important to note that a formal structure can become too rigid and stifling. In such cases, it can be beneficial to incorporate elements of flexibility and organic structures to promote innovation and adaptability. Ultimately, the structure of an organization should align with its goals, values, and culture, and be tailored to the needs of the business and its employees. Therefore, the correct option is D.

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Which type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company

Answers

Answer:

Limited Liability Company (LLC)

Explanation:

A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.

Which of the following is NOT a good way to discover information about a career that seems interesting to you?
Ask questions of someone in that career
Pick a career from an internet ad
Search the internet for information
Job shadowing or an internship in that career

Answers

Answer: Do NOT just pick a career from an ad.

Explanation:

Ads are a lot of the time unimformative (lacking information), so if you are trying to find information, ads are not the way to go.

influences of Business environment,​

Answers

Factors that Influence the business environment are :

Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment

The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.

Importance of business environment:

Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.

The economic environment is all the things that create an economic impact on the firm.

The social environment is all the traditions and customs of the society that creates an impact on the firm.

The technological environment is all the impact on the firm caused due to new technology and upgradations.

The political environment is the conditions and behavior that the elected representatives hold toward the business

The legal environment is entirely based on the rules and legislation of the authorities.

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the managerial function that pertains to keeping the activities of the enterprise on track is controlling. planning. accounting. directing.

Answers

The managerial function that pertains to keeping the activities of the enterprise on track is controlling.

a key managerial function that involves monitoring and evaluating ongoing activities to ensure that they are progress as planned and aligning with the established goals and objectives. It involves comparing actual performance against predetermined standards or targets, identifying any deviations or variances, and taking ive actions as needed.

Through the process of controlling, managers track progress, assess performance, and make adjustments to ensure that activities are on track and in line with the overall plan. It involves gathering information, analyzing data, measuring performance, and implementing measures to maintain or improve the desired outcomes.

While planning, directing, and accounting are also important managerial functions, controlling specifically focuses on monitoring and regulating the activities to ensure that they are in accordance with the established plans and objectives. It helps managers maintain efficiency, effectiveness, and accountability within the organization.

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PLEASE HELP!!1
Describe the concept of economics of scale. How does it relate to productivity?

Answers

Answer:

the phenomenon where the average costs per unit of output decrease with the increase in the scale or magnitude of the output being produced by a firm.

Explanation:

If you invest for a single period at an interest rate of r, your money will grow to ______ per dollar invested.

Answers

If you invest for a single period at an interest rate of r, your money will grow to (1 + r) per dollar invested.

How to determine the rate of growth of a single period investment

The formula for calculating future value of an investment is:

FV = P (1 + r)^n

Where:

FV = Future value P = Present value R = interest rate N = number of years

For example, if you invest $100 in an account that earns 10% per annum. The future value is:

$100 X ( 1 + 0.1)

$100(1.1) = $110.

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Why is taking breaks important when working in a fast-paced environment? question 5 options:
a. it's a good way to get help with a project.
b. it ensures you don't do more work than others.
c. it helps keep your energy level high.
d. it helps you to do multiple tasks at once.

Answers

The Answer Is C: It helps keep your energy level high.

Breaks can assist to sustain performance throughout the day, reduce the need for a lengthy recuperation at the end of the day, and reduce or even eliminate stress, according to studies. According to a study, taking breaks during lunch and disconnecting from work boosts productivity and lessens fatigue. Furthermore, it was discovered a year later that it gradually improves vigour and energy levels.

Breaks for relaxation and social interaction have been found to be especially helpful. By restoring your mental and psychical functional systems to normal, a relaxing holiday can aid in healing. A relaxing break can also assist in resetting your mood, enhancing positive wellbeing and lowering stress.

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Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d

Answers

The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.

With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.

Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.

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Business analyst recently completed a project that their company has decided to use to solve a larger business problem. What step is this in the data analysis process? 1 point

Answers

The step in the data analysis process that the business analyst has completed is the implementation stage. This is because the project that they completed has been deemed as a solution to a larger business problem and the company has decided to use it.

The implementation stage is the final step in the data analysis process and involves the execution of the chosen solution. This step involves putting the solution into practice and monitoring its performance to ensure that it is effective in addressing the identified business problem.

Before the implementation stage, the data analysis process involves several other steps such as problem identification, data collection, data cleaning and preparation, data analysis and interpretation, and solution selection. These steps are all essential in ensuring that the solution chosen is effective in solving the business problem.

In conclusion, the business analyst has completed the implementation stage of the data analysis process, which involves executing the chosen solution to solve a larger business problem.

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2008 1 Mar Started business with $1,000 cash.
credit or debit​

Answers

Answer:

The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.


Outline a specific strategy to implement stating how you will prevent this from
happening in the future.

Answers

I will get smarter from the stuff i have learned

what's the language spoken in Egypt?​

Answers

Answer:

Modern Standard Arabic

Explanation:

Answer:

Arabic thats the language of egypt because most them are Islamic

guthrie corporation's budgeted sales for the upcoming quarter are 90,000 units. the company desires 18,000 units of inventory at the end of the upcoming quarter, and its beginning inventory is 8,000 units. each unit that the company produces requires 0.1 direct labor hours at an average rate of $15 per hour. the company's direct labor budget for the upcoming quarter is $

Answers

Guthrie corporation's budgeted sales are 90,000 units. The company's direct labor budget for the upcoming quarter is $150,000

The problem can be solved using the following formula:

direct labor cost = total hours x cost per hour

In the given problem:

budgeted sales =  90,000 units

inventory at the end of quarter = 18,000 units

beginning inventory = 8,000 units

Hence, number of units to be manufactured = 90,000 + 18,000 - 8,000

                                                                          = 100,000

A unit product needs 0.1 direct labor hours.

Hence,

100,000 units need : 100,000 x 0.1 = 10,000 hours

Direct labor cost per hour = $15

Therefore,

direct labor cost = 10,000 hours x $15 per hour

                           = $150,000

Hence, the budget for direct labor is  $150,000

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a firm finds that as it adds workers, each worker is adding less and less output to the production process. what must be true about average cost?

Answers

Average cost is increasing must be true about average cost .

What does "average cost" mean?

In economics, average cost or unit cost is determined by dividing the total cost (TC) by the quantity of a good produced (the output Q). The choice of how much to charge for commodities by businesses is strongly influenced by average cost.

What is an example of typical cost?

The weighted-average cost is calculated by dividing the total inventory purchased during the quarter ($113,300) by the total inventory count from that quarter (100), yielding an average cost per unit of $1,133.

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