Answer:
C) The central bank has been increasing the target interest rate at regular intervals and it is now at its highest level in eight years.
Explanation:
Since the central bank has been increasing the interest rates in Terbia, this means that it has been engaging in a contractionary monetary policy. In other words, the central bank has been decreasing the money supply in Terbia. If the money supply has been decreasing constantly during the last 8 years, then the high inflation rate cannot be caused by an increase in the money supply.
fewer; less
Compared to the perfectly competitive firm, the monopolist faces a demand curve that is less elastic because there are fewer substitutes for the product produced by the monopolist.
<h3>What is the demand curve faced by a perfectly competitive firm and a monopolistic?</h3>
A firm's demand curve is perfectly elastic under perfect competition because it can sell any quantity of commodities at the going rate. Therefore, even a slight price rise will result in no demand. This suggests that the company has no influence over price. Large businesses, on the other hand, that are subject to monopolistic competition, deal with differentiated products based on brand. As a result, the demand curve has a decreasing slope and enjoys monopoly power. Only by lowering the price of the product and selling close substitutes will it be able to sell more goods. As a result, under perfect competition, the demand curve facing a firm is perfectly elastic, while under monopolistic competition, it is less elastic.
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Answer:
d. $1,540 F
Explanation:
The formula to compute the variable overhead efficiency variance is shown below:
= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour
where,
Actual direct labor hours is 2,380
And, the standard direct labor hours equal to
= 5,200 units × 0.5
= 2,600 hours
Now put these values to the above formula
So, the value would equal to
= (2,380 hours - 2,600 hours) × $7
= 1,540 favorable
Answer:
An example of primary data that Armstrong could use in this research project is:
d. Discussions among focus groups made up of small number of gardeners led by an interviewer.
Explanation:
Primary data is directly collected by the researcher. It is the opposite of secondary data, which is data collected from primary sources and made available for use in a research. Primary data is first-hand information collected during a research project. Focusing on the discussions by gardeners will enable Armstrong to assess their perceptions about rose as a high-maintenance plant.
