Suppose the owners of the bank borrow $100 to supplement their existing reserves.

Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.

What do economists mean when they use the latin expression ceteris paribus?

In microeconomics, the point at which supply and demand meet is called the blank price