Answer:
$129,600
Explanation:
Calculation for want the total budgeted manufacturing overhead for october is
Using this formula
Total budgeted manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead
Let plug in the formula
Total budgeted manufacturing overhead= (8,000 × $1.70) + $116,000
Total budgeted manufacturing overhead = $13,600 + $116,000
Total budgeted manufacturing overhead= $129,600
Therefore the total budgeted manufacturing overhead for october is $129,600
The answer to your question is the area under the demand curve
Answer:
It is true that raising gasoline prices (either by producing less of it, or by adding taxes) would reduce gasoline use. The concept of price elasticity of demand can helps us explain why.
Explanation:
A good can be either elastic or inelastic depending on its price elasticity of demand. A price elasticity of demand of less than 1 is considered inelastic, while a price elasticity of demand higher than 1 is considered elastic.
Elastic goods are those whose quantity demanded falls or rises more than the price. Inelastic goods are those whose quantity demanded falls or rises less than the price.
Gasoline is a inelastic good in the short-term because even with a price hike, most people will still buy gasoline because they need to move around. However, in the long-term, gasoline becomes more elastic because people replace their buy electric cars, or cars that use less fuel, etc.
What this tells us is that raising gasoline prices can reduce gasoline use in the long-term.
A built-in injustice in this measure is that it affects the poor disproportionally. Poor people also need cars to get around, and a rise in the gasoline price means that they have less money for other basic needs.
Answer:
AND
Explanation:
AND condition is used when we need to check for the condition in which both the given conditions are satisfied.
Here from the statements provided in the question, it can be observed that the vendor must have offices in both the cities i.e the condition should be followed that the vendor has the office in one city AND the other city.
Answer:
Option "Inversely" is correct.
Explanation:
Option “Inversely” is correct because the increase in price level exhibits inflation and a rise in inflation decreases the purchasing power of money. However, if the price level decreases or inflation decreases, then the purchasing power of money increases. Therefore we can see that increase in price level decreases the purchasing power and a decrease in price level increases the purchasing power. Therefore, there is an inverse relationship.