Answer: Option(b) is correct.
Explanation:
Correct option: Whether consumers care about fairness when they make decisions.
The Ultimatum game and the dictator game economists generally used to know the fairness and the economic behavior of the consumers.
The dictator game is a derivative of the ultimatum game.
From these two games it was seen that consumers firstly thinks about their own payoff and split the amount in an unequal ratio.
In the ultimatum game, a sum of money will be given to a person and asked him to split the amount with the other person. If the other person accepts his offer then they both get the decided amount and if the other person rejects his offer then they both get nothing.
This gives us the consumers preferences, economic behavior or whether they care about the fairness or not.
Answer:
Option A Low standard of living
Option C Food shortages
Option D No freedom of religion
Option E No freedom of speech
Explanation:
These were the results of communism in the Soviet Union, the productivity of employees fell below average country and the soviet union products lost its way which resulted in increase in unemployment, lower standard of living and food shortages. So as we know that the country which pursue communism in those times, they didn't gave any freedom of speech and and religion. So these were the losses to Soviet Union and its allies.
Answer:
$44,268
Explanation:
Calculation for What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours
First step is to calculate the Plant-wide Overhead Rate using this formula
Plant-wide Overhead Rate = Total Overhead / Total Direct Labor Hours
Let plug in the formula
Plant-wide Overhead Rate = $632,400 / 4,800 hours
Plant-wide Overhead Rate = $131.75
Now let calculate the total manufacturing overhead for the current product order
Using this formula
Current product order Total Manufacturing Overhead = Plant-wide Overhead Rate * Direct Labor Hours
Let plug in the formula
Current product order Total Manufacturing overhead= $131.75 *336 hours
Current product order Total Manufacturing overhead= $44,268
Therefore the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours will be $44,268
Answer:
True
Explanation:
As we know that the overhead is an indirect cost
So for allocation of the factory overhead the managers are fully depend on the allocation and believed that it is correct and accurate. Also it is useful to make decisions with respect to the product mix and the price of the product
Therefore the given statement is true
And, the same is to be considered
If a worker’s nominal wage rate increases from $10 to $12 per hour and at the same time the general price level increases by 10 percent, the worker’s real wage
