Had to look for the options and here is my answer:
Because of the existence of diminishing returns to capital, increasing the physical capital amount by two that is available for one worker to utilize will enlarge the outcome by less than a factor of two.
Answer
a) $15
Explanation:
We will use the formula for Total labor variance to arrive at Standard rate.
Total labor variance = (Actual hours × Actual rate) - (Standard hours × Standard rate)
Substituting the data above into the formula, we'll have;
-$23,000 = (4,000 × $13) - (5,000 × SR)
-$23,000 = $52,000 - 5,000SR
Collect like terms
5,000SR = $52,000 + $23,000
5,000SR = $75,000
SR = $75,000 / 5,000
SR = $15
The agencies that ensure properties abide by regulations are known as regulatory agencies.
<h3>What are regulatory agencies?</h3>
It should be noted that regulatory agencies are the independent governmental agencies that are established in order to set standards in a specific field.
In this case, the agencies that ensure properties abide by regulations are known as regulatory agencies.
Learn more about regulatory agency on:
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The answer is Marketing Students
