Great outdoors company makes two types of camping tents. making a standard camping tent requires 4 hours of labor while making a deluxe camping tent requires 10 hours of labor. during the most recent accounting period the company made 2,000 standard camping tents and 500 deluxe camping tents. indirect manufacturing costs amounted to $52,000 and are allocated based on labor hours. based on this information: a. $4 of overhead cost should be allocated to each camping tent regardless of the type of tent made. b. $20.80 of overhead cost should be allocated to each camping tent regardless of the type of tent made. c. $16 of overhead cost should be assigned to each standard camping tent and $40 of overhead cost should be assigned to each deluxe tent. d. none of these answers is correct.

Which of the following government agencies is responsible for managing the money supply in the united states? a. the u.s. mint b. the federal reserve bank c. congress d. the department of the treasury 2b2t

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr