Answer:
c. consumption falls now and production rises later
Explanation:
Income [Y] is the total factor income earned by factors of production productive services, for economic activity.
Income earned is either consumed or saved .
Income [Y] = Consumption [C] + Saving [S]
- So, increase in savings rate & savings - reduces the consumption.
Savings are done for contingencies, for expanding economic activities later - by investment. In a simple economy model,
Savings [S] = Investment.
- So, savings increase investment & production capacity later.
Answer:
True
Explanation:
The Toyota Production System is an automated system with a touch of human control.
This system has two main aspects as the automation and Just in Time activities.
This system works on continuous improvement as it targets to work better everyday, and with Just in Time inventory system it minimises its cost of inventory and further with a touch of human effort in automation it respects humans too.
Answer:
- <u><em>c. The price of cheese increases</em></u>
Explanation:
Since the resources (money) are limited, the students have to choose among the three options they like to eat from the <em>food establishments on campus.</em>
- <em>pepperoni pizza,</em>
- <em>bean and rice burritos, and</em>
- <em>hamburgers (made from beef) </em>
<em />
Reasonably, they will choose to eat the food that optimizes the use of their money, i.e. they search to optimize the utility they receive.
Since cheese is a fundamental ingredient of pizza, <em>if the price of cheese increases</em>, the price of pepperoni pizza shall increase.
Thus, students will swift from eating pepperoni pizza to eating more food from the other establishments on campus, including hamburguers (made from beef).
Therefore, <em>if the price of cheese increases, most likely the quantity of hamburgers sold will increase.</em>
Answer:
The correct option is D
Explanation:
Even though THE GOVERNMENT finances the majority of Medicaid, STATES is(are) given significant discretion in running the program.
Medicaid in the United States is a federal and state program that helps with medical costs for some people with limited income and resources. Medicaid also offers benefits not normally covered by Medicare, including nursing home care and personal care services.
Answer:
c.$27,284.90 unfavorable
Explanation:
Standard variable overhead rate =$27.00
Standard hours allowed per completed unit =4.3
Actual production unit =971
Actual variable overhead costs =$140,018
Variable factory overhead controllable variance = (Standard variable overhead rate * Standard hours allowed per completed unit * Actual production unit) - Actual variable overhead costs
Variable factory overhead controllable variance = ($27 * 4.3 * 971) - $140,018
Variable factory overhead controllable variance = $112,733.1 - $140,018
Variable factory overhead controllable variance = $27,284.9 (Unfavorable)