9 yards is 324 inches so they are equal.
Answer:
the total period cost for the month under variable costing is $46,700
Explanation:
Product Cost Under Variable Costing = Direct Materials + Direct Labor + Variable Overheads
Period Cost Under Variable Costing = Fixed Manufacturing Overheads + All Non-Manufacturing Overheads (Variable and Fixed)
<u>Calculation for the total period cost - Varible Costing</u>
Variable selling and administrative expense ( $ 7× 1,070 Units) $ 7,490
Fixed manufacturing overhead $ 13,530
Fixed selling and administrative expense $ 25,680
Total period cost for the month $46,700
An increase in money supply causes the real interest rate to remain unchanged and the price level to rise in long-run general equilibrium.
Unlike partial equilibrium analysis, which only examines individual markets, general equilibrium analysis examines the entire economy. In an economy with several markets operating concurrently, general equilibrium illustrates how supply and demand interact and tend toward balance.
By attempting to demonstrate that the interaction of supply and demand will lead to an overall general equilibrium, general equilibrium theory seeks to explain the behavior of supply, demand, and prices in a large economy with several or many interacting markets.
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This is because: Self-driving cars will be less expensive to build than current cars.
<h3>What is creative destruction?</h3>
This term was coined by Joseph Schumpeter. The concept of creative destruction refers to the process of economic innovation, in which some products are replaced by others, or some firms die because they are driven out of the market by others, and so on.
When a company produces a new good that makes the old ones already in the market obsolete, the company is said to be creatively destroying the old goods.
An classical example of creative destruction occurred when Steve Jobs introduced the Iphone in 2007.
Therefore, the emergence of self-driving cars is an example of ""creative destruction"" because self-driving cars will be less expensive to build than current cars
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Answer: d. spending depends on income people expect over the long term, rather than on current income.
Explanation:
The permanent income hypothesis states that people will spend money at a level equal to their permanent income which is their expected long-term average income.
The consumption function states that consumption is equal to autonomous consumption and consumption is dependent on disposable income.
The savings function shows the relationship between savings and income.
