Answer:
Letter c is correct. <u>Substituition bias.</u>
Explanation:
Substitution bias is characterized as a problem regarding the price index of a particular good, as consumer behavior can be changed relative to the price of a particular good by changing its consumption from a more expensive product to a cheaper substitute product.
The concept of the substitution bias problem relates to consumer choice theory, which is a macroeconomic theory that describes consumer purchasing decisions and how changes in the environment influence their decisions.
<span>Micheal, who has retired and is not looking for work</span>
It is a because if you think about it, you would budget for your future.
Answer:
Station 1 = 8 minutes
Explanation:
The computation of the bottleneck time minutes per unit is shown below:
Station 1 = 8 minutes
Station 2 = 12 minutes ÷ 2 machines = 6 minutes
Station 3 = 5 minutes
The station who has higher minutes per unit is considered to be the bottleneck station as it reduced the overall capacity.
So, station 1 is the bottleneck station with 8 minutes per unit
Answer:
A) $102,000
Explanation:
The computation of the amount used today for preparing the operating budget is shown below:
= Contract value × forward rate
= $100,000 × $1.02
= $102,000
For computing this, we consider the forward rate and the same is multiplied with the contract value so that the correct amount can come.
All other information which is given is not relevant. Hence, ignored it
