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Ann [662]
3 years ago
8

The country of Baurisia has, until now, been self-sufficient in both grain and meat. However, with growing prosperity in Baurisi

a has come a steadily increasing per capita consumption of meat, and it takes several pounds of grain to produce one pound of meat. Therefore, since per capita income in Baurisia is almost certain to rise further but increases in domestic grain production are highly unlikely, Baurisia is soon to become an importer of grain.
Which of the following, if true, most seriously weakens the argument?

(A) When people increase their consumption of meat, they also tend to increase their consumption of grain.
(B) The per capita consumption of meat in Baurisia is roughly the same accross all income levels.
(C) Per capita consumption of meat has not increased substantially in recent years in those countries from which Baurisia is likely to import meat.
(D) It is more economical for Baurisians to import meat than grain.
(E) During Baurisia's years of growing prosperity, the country's population has remained relatively stable.
Business
1 answer:
Rina8888 [55]3 years ago
7 0

Answer:<em> Option (D) is correct </em>

Explanation:

To weaken the conclusion, the answer will emphasize on why Baurisia will not soon become an importer of grain.  

Here, in this case if importing meat is cheaper than importing grain, then Baurisia is likely to satisfy the demand for meat by becoming an importer of meat, weakening the conclusion that Baurisia will soon become an importer of grain.  

<em>Therefore , It is more economical for Baurisians to import meat than grain, if true, most seriously weakens the argument.</em>

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tankabanditka [31]

Answer:

A. 1300 Favorable

B. $7,200 UnFavorable

Explanation:

A. Calculation to determine the variable factory overhead controllable variance

First step is to calculate the Budgeted rate of variable overhead

Budgeted rate of variable overhead = $50,600/22,000

Budgeted rate of variable overhead= $2.3per hour

Second step is to calculate the Standard variable overhead for actual production

Standard variable overhead for actual production = 23,000 x $2.3

Standard variable overhead for actual production = $52,900

Now let calculate the Variable factory overhead controllable variance using this formula

Variable factory overhead controllable variance = Standard variable overhead - Actual variable overhead

Let plug in the formula

Variable factory overhead controllable variance= $52,900 - ($86,400 - 34,800)

Variable factory overhead controllable variance= 1300 Favorable

Therefore Variable factory overhead controllable variance is 1300 Favorable

B. Calculation to determine the fixed factory overhead volume variance.

First step is to calculate the Predetermined fixed overhead rate using this formula

Predetermined fixed overhead rate = 34,800/29,000

Predetermined fixed overhead rate = $1.20 per hour

Second step is to calculate the Fixed overhead applied

Using this formula

Fixed overhead applied = Standard hours x Standard rate

Let plug in the formula

Fixed overhead applied= 23,000 x $1.20

Fixed overhead applied= $27,600

Now let calculate the Fixed overhead volume variance using this formula

Fixed overhead volume variance = Fixed overhead applied - Budgeted fixed overhead

Let plug in the formula

Fixed overhead volume variance= $27,600 - 34,800

Fixed overhead volume variance= $7,200 UnFavorable

Therefore The Fixed overhead volume variance is $7,200 UnFavorable

5 0
2 years ago
In the loanable funds model, an increase in an investment tax credit would create a a. shortage at the former equilibrium intere
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Answer:

a. shortage at the former equilibrium interest rate. This shortage would lead to a rise in the interest rate.

Explanation:

The equilibrium in the market for loanable funds is achieved when the quantities of loans that borrowers want are the same as the quantity of savings that savers provide. The interest rate adjusts to make these equal.

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3 years ago
5) You purchased a 3D printer for $60,000 that you expect to print 12,000 parts over its lifetime. You printed 2,000 parts in th
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Answer:

Depreciation for the first year is $10,000

Explanation:

Unit production method is the depreciation method which is based on the output per year of the asset. The asset is depreciated by the ratio of the output for the year to the output expected over whole useful life.

Cost of printer = $60,000

Expected output = 12,000 prints

Prints in the first year = 2,000

Depreciation for the year = Total cost x output for the year / expected output over useful life

Depreciation for the first year = $60,000 x 2,000 / 12,000

Depreciation for the first year = $60,000 x 1/6

Depreciation for the first year = $10,000

4 0
3 years ago
Why is cvp analysis more difficult when using absorption costing than when using variable costing?.
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CVP analysis is more difficult because its requires costs to be broken down between variable and fixed which is not done in absorption costing.

<h3>What is a CVP analysis?</h3>

This is an analysis that find out how changes in the firm's variable and fixed costs affect the firm's profit.

Hence, the analysis is difficult when using absorption costing than when using variable costing because its requires costs to be broken down between variable and fixed which is not done in absorption costing.

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4 0
2 years ago
If the fed buys $25 billion of u.s. bonds in the open market and the reserve requirement is 20 percent, m1 will eventually:___.
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M1 will eventually Increase by $125 billion. If the fed buys $25 billion of u.s. bonds in the open market and the reserve requirement is 20 percent.

U.S. savings bonds are a form of government debt issued to American citizens to help fund federal expenditures.

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Series EE bonds are sold at half of face value and mature in 20 years. Series I bonds are adjusted for inflation.

Initial Increase in Money Supply = $25 billion

Reserve Requirement = 20%

Money Multiplier = 1 / Reserve Requirement

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Total Increase in M1 = 5 X 25

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Therefore, Total Increase in M1 is $125 billion.

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