Answer: a) the price level is less than the expected price level.
Explanation:
When the actual output in an economy is lower then the natural output it is called a Contractionary Gap and the price level will be lower.
This is because the Short Run Aggregate Supply Curve and the Demand curve will intersect at a lesser quantity which will equate to a lower price as well because the economy is producing less and the people are demanding less as well so the point at which they meet will be a lesser price.
I guess the correct answer is absolute threshold
You are studying in your dorm room, but your neighbor is blasting the television in the adjacent room. When you gently request that your neighbor turn the volume down until you cannot hear it, you are asking your neighbor to make the volume less than your absolute threshold.
Answer:
1. groups costs into meaningful buckets that are then distributed based on the activity or product they support.
Explanation:
Activity based costing basically categorizes various overheads into different activities, that leads to charge of overheads based on different activities.
In this manner overheads that shall be charged on some standard products based on the activities involved is charged accordingly, and not based on standard overhead allocation rate.
Basically the overheads are divided into various activities and then distributed to each product based on the volume of activity in the manufacturing process of such activity.
Answer:
a) 0.667
b) Yes
Explanation:
Data provided in the question:
Mean = 0.04
Standard Deviation = 0.003
Upper Specification Limit, USL = 0.046
Lower Specification Limit, LSL = 0.034
Now,
a) Capability Index is given as:
Cp = 
or
Cp = 
or
Cp = 0.667
Also,
Cpk = min(
or
Cpk = min(
or
Cpk = min( 0.667
, 0.667 )= 0.667
Since,
Cp and Cpk are same in this case
therefore, it is ideal condition and process is capable
b) yes
