Answer:
B. urban consumers; the average basket of goods and services they buy
Explanation:
- The CPI is an index that measures the weighted average of the price of a basket of goods and services such as the transportation, food and the medical care, etc.
- The items are predetermined on the basket of goods and services, hence is widely used as an economic indicator and measures inflation and effectiveness of governmental policies.
Answer:
Mixed Nuts will be able to increase its profit by accepting any transfer price above $0.30 per pound. The right answer is d.
Explanation:
In order to calculate the minimum transfer price so Mixed Nuts will be able to increase its profit we would have to make the following calculation:
minimum transfer price= Variable expenses/pounds of product
Variable expenses=$42,000
pounds of product=140,000
minimum transfer price=$42,000/140,000
minimum transfer price=$0.30
Mixed Nuts will be able to increase its profit by accepting any transfer price above $0.30 per pound
Answer:
The answer is option B) According to the Lewis two-sector model the creation of a Modern (urban) Sector will:
Create a flow of labor from the traditional sector into the modern sector.
Explanation:
The two sector model propounded by W. Arthur Lewis is a theory of development that identifies two sectors: the traditional and modern sector.
According to this theory, the creation of a modern sector will generate a flow of excess labor from the traditional sector to the urban sector where there is more demand for labor.
Over time, this migration will create more jobs, stimulate industrialization and a framework for sustainable development.
Answer:
True
Explanation:
The reason is that the opening inventory value of year 2 is the closing amount of the year 1. Its similar to the closing cash amount left in till at the end of year 1 is the opening amount at the year 2. So the opening inventory of year 2 is closing inventory of year 1. This means the closing inventory of year 1 has decreased by $10,000.
As we know that:
Cost of goods sold = Op. Inventory + Purchases - Cl. Inventory
This means if the closing amount increases the cost of goods decreases and in the given scenario the closing inventory of year 1 has been decreased which means that the cost of goods sold has increased which will decrease the profit. And if the profit decreases then:
Earning per share = Profit after tax (Decreased) / Number of share (Same)
As the profit has decreased the earning per share will also decrease.
<h2>The toy microscope has good magnification, but has low resolution and therefore poor-quality images.</h2>
Explanation:
According to our assumption, the toy microscope should cost less, because the children are going to just play with it. They should just get a model of microscope, but the expectation is we need not want the same work experience by using the toy microscope.
But the toy microscope is available with good magnification. So the price is equivalent to the real microscope which is available in the college.
But a factor to be noted is that, the toy microscope has low resolution, so it produce only poor quality of images.