Answer: The correct answer is "D. greater; less".
Explanation: The consumer surplus from water, which is cheap, is <u>greater </u>than the consumer surplus from gold, which is expensive. The total utility from gold is <u>less</u> than the total utility from water.
Answer:
$1,300 billion
Explanation:
total private consumption = nondurable goods spending + durable goods spending + spending on services = $200 billion + $400 billion + $700 billion = $1,300 billion
New residential housing spending ($500 billion) are considered residential investments, not part of private consumption.
Answer:
No, If i were the sponser I'd not approve to change the scope.
Refer below for brief explanation.
Explanation:
Very few projects are completed on a scope that is decided at the first time.
When i was working in Software house and was in the team of web development, I was responsible for the front end development. Unfortunately my client was the person whose scope changes every month and the result that lapse the time, requirements change, cost changes.
Answer:
Direct material price variance= $12,500 unfavorable
Explanation:
Giving the following formula:
The standard price per pound is $2.00.
The actual quantity of materials purchased and used in production is 50,000 pounds.
The actual purchase price per pound of materials was $2.25.
<u>To calculate the direct material price (spending) variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (2 - 2.25)*50,000
Direct material price variance= $12,500 unfavorable
