Answer: When to produce
Explanation: Three basic questions in economics are - what to produce? , how to produce ? and for whom to produce ?
What to produce deals with what type of goods, whether luxury or necessity, should be produced.
How to produce deals with the method of production.
For whom to produce deals with the problem of which section of the society does production should be done.
Answer:
The $125 income from the new job - relevant (A)
The $40 income from the library - irrelevant (B)
The $50 nonrefundable registration fee Isabella paid for the basket-weaving class - irrelevant (C)
The $15 cost for gas - relevant (D)
The $75 per month that Isabella spends for clothing and The time Isabella spends volunteering at the animal sanctuary. - Irrelevant (E)
Explanation:
(A) the income from the new job is relevant. It is the wages she will receive per week
(B) the library is irrelevant as it would not have to leave this job
(C) that is a sunk cost. Is irrelevant for the decision making
(D) the gas is a variable cost related to the job offer. It is relevant
(E) the consumer preferences are not relevant for their decision on the job offer. Also their volunteering is irrelevant. Is not related to the job
ANSWER: The correct answer is True. Consumer price Index computes inflation or market basket of consumers.
Explanation: It measures the price changes in the goods or services basket for consumers which represents the consumption expenditure in the economy. It is calculated on various categories or sub- categories like,urban or rural. It measures the inflation rate and scans the percentage change of the index over a period of time. It measures increase in the price of households basket.
Answer:
The above pic might help you :)
Answer:
$2,400
Explanation:
The computation of the investment interest expense is shown below:
Investment interest expenses is
= Interest Income + Non-qualifying dividends
= $950 + $1,450
= $2,400
We simply added the interest income and the non qualifying dividend so that the investment interest expense could come and the same is considered
Plus the investment interest income is $2,950 which exceeded than the $2,400 so $2,400 would be considered