Labor data for making one gallon of finished product in bing company are as follows. (1) price—hourly wage rate $13.10, payroll taxes $0.72, and fringe benefits $1.44. (2) quantity—actual production time 1.54 hours, rest periods and cleanup 0.28 hours, and setup and downtime 0.22 hours. compute the following. (round answers to 2 decimal places, e. g. 1.25.) (a) standard direct labor rate per hour. $ (b) standard direct labor hours per gallon. hours (c) standard labor cost per gallon. $

The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost. refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account

Shelby bought her dream car, a 1966 red convertible mustang, with a loan from her credit union. if shelby paid 5.1% and the bank earned a real rate of return of 3.5%, what was the inflation rate over the life of the loan?