Answer: The correct answer is "B. social class".
Explanation: Those who exhibit similarities in occupations, education, and income level, and have similar tastes in style and activities are members of a <u>social class.</u>
In a society the general range of people can be defined as the social class. Within these classes people tend to be similar in terms of occupation, income level, tastes, education, etc.
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Cost is a <span>term describes what a manufacturer spends for goods or services.
</span>In production, research, retail, and accounting, a cost<span> is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the </span>cost<span> may be one of acquisition, in which case the amount of money expended to acquire it is counted as </span>cost<span>.</span>
The answer to this question is Activity-Based Costing<span> (ABC)
</span>Activity-Based Costing<span> (ABC) is being done by assigning the manufacturing cost in a more structural and logical manner.
By doing this, The company will be able to provide a more accurate asessment on the cost that incurred by providing a certain product/services.</span>
Answer:
A. It is the income foregone by not using a resource in an alternative way.
Explanation:
Opportunity cost is the income foregone by not using a resource in an alternative way.
Opportunity cost is refers to the value of what you have to give up in order to choose something else. It can also be called REAL COST.
It also refers to the value or benefits of something that must be given up in order to acquire another thing.
Answer:
a) 2000
b) 4000
c) 2000 and 4800
Explanation:
The quantitative theory of money shows how the monetary side of an economy behaves, that is, the effect of money supply on income. It is given by the equation MV = PY, where M = money supply, V is the currency's velocity, P is the price level and Y is the real income level.
M = 500, V = 8, P = 2
a) The real income level:
MV = PY
500 x 8 = 2 x Y
Y = 2000
b) Nominal income level (price level multiplied by real income)
PY
2 x 2000 = 4000
C) If the money supply increases by 20%, ie to 600, the real income will be:
MV = PY
600 x 8 = 2.4 x Y (Y is full employment income, so the effects of money supply will be on the price level)
Y = 2000 Real income remains the same, increase in money supply does not affect real output, only price level, which increases from 2 to 2.4.
The nominal income, in turn, will be:
PY
2.4 x 2000 = 4800
That is, an increase in the money supply only increases nominal income.
