The answer to this question is A.
Answer:
TRUE
Explanation: If the return on money does not rise in relation to the expectation of a rise in inflation, people will have less need to keep more money with them, if other factors remain constant (ceteris paribus) the relative return on goods such as Land,gold,turnips,buildings etc and other non financial items will increase. This situation tries to show the relationship between a rise in inflation and a rise in non financial items this tries to explain the MONEY THEORY.
C. Sherbet.
The citrus's <span>acidic sweetness to clear the taste buds.</span>
Answer:
A. Demand shifts to the right, price rises, quantity rises.
Explanation:
In economics demand shifts as a result of other factors except for price.
In this instance the statement by the surgeon general on how hats reduce skin cancer will result in a demand shift to the right.
The effect of this is the demand for hats will increase, the prices will also increase. This is illustrated in the attached diagram.
Demand shifts from D1 to D2, price increases from P1 to P2, and quantity increases from Q1 to Q2
Answer:
C. $16 of overhead cost should be assigned to each standard handbag and $40 of overhead cost should be assigned to each deluxe bag.
Explanation:
Given that
Total indirect manufacturing expected = $52000
And,
Total hours required to manufacture handbags is
= (2,000 standard handbags × 2 hours) + (500 deluxe handbags × 5 hours)
= 4,000 + 2,500
= 6,500
So,
Indirect cost per hour is
= $52000 ÷ 6500
= $8 per hour
Now
Cost allocated to standard handbags is
= $8 × 2
= $16
And, for deluxe handbag it is
= $8 × 5
= $40
