Answer:
The correct answer is letter "C": decreases, so the value of money rises.
Explanation:
A basket of goods is mainly used to evaluate changes in urban consumer habits. Food, housing, healthcare, education, and recreation expenses are included in a basket of goods. It is usually studied with the Consumer Price Index (<em>CPI</em>) and is also a tool useful to find out the levels of inflation within a specific market.
In the case less number of dollars are needed to purchase a "regular" basket of goods, it implies the average price level has decreased, thus, the money value has increased.
Answer: $5,010 Favorable
Explanation:
Direct materials price variance is calculated by the formula:
= (Standard Price - Actual Price) * Quantity Purchased
Actual price = Amount pounds were purchased for / Pounds purchased
= 5,900 / 2,500
= $2.36
Direct materials price variance = (5.7 - 2.36) * 2,500
= $5,010 Favorable
Bts helped me to actually believe in myself. Their songs made a BIG impact in my life and got me motivated to do work and be happy again when I’m down.
Answer:
B - happiness
Explanation:
cause it's not a must for a person to be happy
Answer:
-1.33
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good X to changes in price of good Y.
Cross price elasticity of demand = percentage change in quantity demanded of good X / percentage change in price of good Y
Percentage change in quantity demanded = (1700 / 1350) - 1 = 0.2593 = 25.93%
Percentage change in price = (1.65 / 2.05) - 1 = -0.1951 = -19.51%
25.93% / -19.51% = -1.33
I hope my answer helps you