Yes , it is true . when it is in a progressive tax system
Answer:
Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good
Jamie goes to the store to buy toothpaste - Convenience staple good
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good
Explanation:
I have been able to match the examples with the type of goods.
Unsought good is the good that the consumer has no knowledge of. Also, he wasn't thinking of buying such good. It is usually purchased out of fear.
Specialty good usually have specific characteristics and benefit. Therefore, the consumer has a reason for purchasing it.
Shopping good is one purchased after the consumer had compared prices, quality, etc in more than one store.
Convenience staple good is the good which is consumed regularly.
Convenience impulse good is one which entices the consumer and he makes purchase without researching or thinking.
Answer:
a. $142,500
b. $86,250
Explanation:
a. The computation of the total direct manufacturing cost is shown below:
= (Direct material per unit + direct labor per unit) × number of units manufactured
= ($7.20 + $4.20) × 12,500 units
= $142,500
b. The computation of the total indirect manufacturing cost is shown below:
= (Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit) × number of units manufactured
= ($1.70 + $5.20) × 12,500 units
= $86,250
Answer:
A). Elizabeth Warren has proposed using a new inflation measure that outpaces the current one used.
B). The former program trustee argues that the current inflation measure overcompensates seniors since it ignores the substitution effect.
C). According to advocates for seniors, the 2020 COLA is not enough to compensate for rising healthcare costs.
Explanation:
In the context of the article titled 'Social Security checks to rise modestly amid a push to expand benefits,' the first three statements assert the appropriate claims. It correctly states the new course of action for dealing with inflation as proposed by Elizabeth Warren after Blahous and seniors' complaint about the problems associated with the present rate for adjusting inflation as it ignored the impact created by substitution. Since <u>the present program(COLA) could not fulfill the compensation needs of the seniors, the new program has been proposed to overcome these flaws and compensate them appropriately</u>.
<span>Their marketing approach is listening to customer feedback. Basing some marketing and some ways they produce their food on customer feedback can be both beneficial and work out well as long as it's cost effective and doesn't hinder sales much.</span>
