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3 years ago

6

In the theory of deregulation economics, cutting taxes allows people to save more money. Banks then loan that money to businesse

s, and businesses invest the money in resources to improve productivity. a. True b. False

1 answer:

telo118 [61]3 years ago

3 0

True

this never works in practice though

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Part-time workers who want full-time work are counted as: A.) fully employed and therefore the official unemployment rate may ov

Vesnalui [34]

Answer: B

Explanation:

6 0

3 years ago

What is an example of statistical reasoning?

zubka84 [21]

Answer/Explanation:

Statistics educators often talk about their desired learning goals for students, and invariably, refer to outcomes such as being statistically literate, thinking statistically, and using good statistical reasoning. Despite the frequent reference to these outcomes and terms, there have been no agreed upon definitions or distinctions. Therefore, the following definitions were proposed by Garfield (2005 and have been elaborated in Garfield and Ben-Zvi (2008).

Statistical literacy is regarded as a key ability expected of citizens in information-laden societies, and is often touted as an expected outcome of schooling and as a necessary component of adults’ numeracy and literacy. Statistical literacy involves understanding and using the basic language and tools of statistics: knowing what basic statistical terms mean, understanding the use of simple statistical symbols, and recognizing and being able to interpret different representations of data (Garfield 1999; Rumsey 2002; Snell 1999)

5 0

3 years ago

A country produces only bananas and robots. If it produced only bananas with all its available resources, it could make 60 milli

Levart [38]

It should be noted that in the PPC, the downward sloping line 'ab' is the production possibility curve.

<h3>How to illustrate the information?</h3>

In the diagram, since point 'A' falls on the PPC itself, it represents the full employment of resources. Point 'A' represents the combination of 30 million bananas and 10 million robots.

Opportunity cost producing a robot = Total bananas possible / Total robots possible

Opportunity cost producing a robot =60/20

Opportunity cost producing a robot = 3 bananas

The area outside PPC represents the unattainable combinations of two goods.

During the recession, the resources are inefficiently used and the production combination is represented by point 'B' which falls below PPC When the production technology improves only for one good and not for the other, the PPC rotates

Marginal opportunity cost of a robot = 80 million bananas / 10 million robots

The marginal opportunity cost of a robot = 8 bananas

Opportunity cost of 2 million robots = 8 bananas × 2 million

The opportunity cost of 2 million robots will be 16 million bananas.

Learn more about PPC on:

brainly.com/question/2617319

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8 0

2 years ago

At the beginning of the month, the Painting Department of Skye Manufacturing had 30,000 units in inventory, 70% complete as to m

VikaD [51]

Answer:

Cost per equivalent unit of material = $2.20 per unit

Cost per equivalent unit of conversion = $4 unit

Explanation:

The computation of Cost per equivalent unit of material, Cost per equivalent unit of conversion is shown below:-

For computing the cost per equivalent first we need to find the equivalent unit of material which is below:-

= Transferred units + ( Department units × Material percentage)

= 135,000 + (20,000 × 40%)

= 135,000 + 8,000

= 143,000

So, the Cost per equivalent unit of material = (Beginning material cost + Current month material cost) ÷ Equivalent unit of material

= ($32,400 + $282,240) ÷ 143,000

= $314,640 ÷ 143,000

= $2.20 per unit

Now, For computing the Cost per equivalent unit of conversion first we need to find the equivalent unit of conversion cost which is below:-

= Transferred units + ( Department units × Conversion percentage)

= 135,000 + (20,000 × 15%)

= 135,000 + 3,000

= 138,000

So, the Cost per equivalent unit of conversion = (Beginning conversion cost + Current month conversion cost) ÷ Equivalent unit of conversion cost

= ($6,250 + $544,700) ÷ 138,000

= $550,950 ÷ 138,000

= 3.99

or $4 unit

8 0

3 years ago

Breakmorning Corporation produces a product that requires 2.6 pounds of materials per unit. The allowance for waste is 0.3 pound

Rasek [7]

Answer:

Total= $4.33

Explanation:

Giving the following information:

Breakmorning Corporation produces a product that requires 2.6 pounds of materials per unit. The allowance for waste is 0.3 pounds; the allowance for spoilage is 0.1 pounds. The purchase price is $4 per pound, but a 2% discount is always taken. Freight costs are $0.15 per pound and receiving and handling costs are $0.10 per pound.

Purchase price= 4*0.98= 3.92

Allowance for waste= (0.03*3.92)= 0.1176

Allowance for spoilage= (0.01*3.92)= 0.0392

Freight= 0.15

Receiving and handling= 0.10

Total= $4.33

4 0

3 years ago