Buckeye Company has provided the following data for maintenance cost: Prior YearCurrent Year
Machine Hours12,50015,000
Maintenance Cost$27,000$31,000

Using the high-low method, what is the cost formula for maintenance cost?

A) $7,000 per year plus $0.625 per machine hour.
B) $21,625 per year plus $0.625 per machine hour.
C) $7,000 per year plus $1.60 per machine hour.
D) $27,000 per year plus $1.60 per machine hour.

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.