Answer:
The correct answer would be E, Taking Action.
Explanation:
You have received your poor grades in Spanish over the last two semester. Now it is the time to take action and improve your grades. You will have to take proper actions and measures in order to improve your grades in the coming semesters. So you will either have to join an extra coaching or ask your friends to teach you the language if they are getting excellent marks. You will have to work hard. You will have to give more time to study and understand the language. These are the actions that you would have to take.
Answer:
o inferior
Explanation:
The inferior goods shown the inverse relationship between the demand and the income. If the demand of the goods is increased so the income would fall and if the demand of the goods fall so the income would rises
So this represent that the good is an inferior good
Hence, the second option is correct
Answer: c. $1,650 unfavorable
Explanation:
The direct labor rate variance shows the difference between the cost of direct labor that the company thought it would incur vs what it actually incurs for the period.
Formula is:
Direct labor rate variance = Actual cost of direct labor - Standard cost of actual hours of direct labor
= Actual hours * (Actual cost - Standard cost)
= 5,500 * (24 - 23.70)
= $1,650 unfavorable
Unfavorable because the actual cost incurred was more than the cost anticipated.
Answer:
d.efficient in production but not necessarily in allocation.
Explanation:
The production possibility curve portrays the cost of society's choice between two different goods. An economy that operates at the frontier has the highest standard of living it can achieve, as it is producing as much as it can using the same resources. If the amount produced is inside the curve, then all of the resources are not being used.
- all points on the curve are points of maximum productive efficiency
- However, an economy may achieve productive efficiency without necessarily being allocatively efficient. Market failure (such as imperfect competition or externalities) and some institutions of social decision-making (such as government and tradition) may lead to the wrong combination of goods being produced (hence the wrong mix of resources being allocated between producing the two goods) compared to what consumers would prefer, given what is feasible on the PPF.