Answer:
The correct answer to he following question is that demand curve is downward sloping, which is moving from left to right.
Explanation:
The demand curve slopes downward because of many reasons like -
1) diminishing marginal utility - according to which if as a consumer goes on consuming more and more units of product, then with each additional unit consumed the satisfaction level goes on decreasing.
2) Income effect - suppose if a persons income level increases he or she will buy more product, which means demand goes up and vice versa will also be true.
3) Substitution effect - As we know that there is inverse relation or negative cross price elasticity between substitute goods, so if price of good A increases then the Demand for good B increases.
Answer:
C
Explanation:
Material price variance
Actual cost of materials =$ 6,888
Standard cost of material = 8200*0.8 =$6560
Variance ( Difference between the actual and budgeted price for materials)
= (6888-6560)
= $328 unfavorable variance.
Material quantity variance
Standard material per unit = 8 kilogram
Actual units produced = 870
Standard material = 6960
Actual material used = 7150
Material quantity variance = Difference in quantity of material used multiplied by the standard cost of material (7150-6960)*0.8
=$ 152 unfavorable variance
The two variances are unfavorable as they exceeded the budget
Answer:
Hila gets good grades and works hard to finish first in class.
Explanation:
William pays $500 every 6 months as a premium on his car insurance with collision coverage. If William were to get in an accident and file a claim, he would pay $750 as a deductible and the insurance would cover the cost of repairs to the vehicles. When you file a claim against your insurance, your next set of premiums typically rise in the event it were to happen again, it brings in more money to the insurance agency. Since William’s car is $700 to fix and the other drivers car is $1,100 to fix if William does not file a claim with his insurance, he will pay an out-of-pocket amount of $1,100 to have the other car repaired.
Answer:
Government purchase;
Net export;
Investment;
Consumption;
Investment.
Explanation:
Government purchases refer to expenditures on goods and services by federal, state, and local governments.
''Apple sells a computer to a public school in Paris, Kentucky'' comes under a government purchase.
Net export is the difference between the value of a nation's exports and imports in monetary terms.
''Apple sells a computer to an accounting firm in Paris, Illinois'' comes under a net export.
An investment is a monetary asset purchased with an objective that it will act as a source of income in the future.
'' Apple sells a computer to a bakery in Paris, France'' and ''Apple builds a computer to be sold next year'' come under-investment.
Consumption refers to the use of goods and services in an economy.
''Apple sells a computer to Paris Hilton'' comes under consumption