Carmen Corporation has the following standards for its direct materials: Standard cost: $8.90 per pound Standard quantity: 3.00 pounds per product During the most recent month, the company purchased and used 2,100 pounds of materials costing $17,300 in making 680 products. Compute the materials price variance. $11,248 Unfavorable $1,390 Favorable $11,248 Favorable $1,390 Unfavorable

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system

When gathering information about certain occupations, be sure to understand how you are paid. what is the difference between a salary and an hourly wage?

Ryan is deciding between attending western state university and eastern state university. he cannot attend both universities simultaneously. both are fine universities, but the reputation of western is slightly higher, as is the tuition. let mu subscript upper e and mu subscript upper w be ryan's marginal utilities from attending eastern and western state universities respectively and upper p subscript upper e and upper p subscript upper w be the prices of attending eastern and western state universities. using the rule of consumer optimum, ryan will decide to attend eastern state university, if mue/pe exceeds muw/pw attend eastern state university if mue/pe is less than muw/pw attend western state university, if pe/mue< pw/muw attend western state university, since it gives him more utility.