Answer:
D) Providing a Lump-sum subsidy is the correct option.
Explanation:
Solution:
D) Providing a Lump-sum subsidy is the correct option.
Because:
This is done so as to compensate the consumer for the loss in welfare occurred by an increase in price per unit tax on apples.
And due to this compensating variation provided to the consumer, the consumer is now at the same real income level as before the rise of price.
And hence it helps us to capture the substitution effect. The remaining effect would be the income effect.
Hence, the option d. providing a lump-sum subsidy is the correct option.
Answer:
A. the world experienced little to no growth until the industrial revolution, after which all of the world's economies began to experience real economic growth.
Explanation:
As we know it was the industrial revolution which provided the economic growth to the economy, as before that people believed majorly on barter system and there was no record of profit on such.
The individual earnings and growth came because of industrial revolution which provided jobs to huge number of people in an economy.
Since the people started earning by their own whether through jobs or their own businesses, there was a great urge to work and earn in all those who were not willing to earn.
This basically helped the economy to see the growth of individuals.
Answer:
The correct answer is letter "B": He bought into the notion of the global village.
Explanation:
Canadian philosopher and professor Herbert Marshall McLuhan (1911-1980) coined the term "global village" referring to how the influence of television, computers, and electronic information is reducing distances. Nowadays, the term has broadened its definition to represent the impact technology, in general, has reduced barriers making the world become one single globalized marketplace.
Thus, <em>returning home from Quebec in less than six hours implied Jason taking on a plane to be present for his wife's labor, which shows how technology has shortened distances becoming a "global village".</em>
Answer:
1. Coke vs Pepsi: product include Cold Beverage
2. Nike vs Reebok: product include sporting goods
Answer:
Reference : Cost Accounting Planning & Control ( Matz Usry )
Explanation:
Job order Costing procedure keeps the costs of various jobs or contracts separate during their manufacture or construction. this method is applicable in work in factories, workshops, construction engineers , printers etc.
Direct Materials, Direct Labor ( Job Order Costing). Direct Materials are assigned by means of job order numbers. The cost of each order produced for a given customer or the cost each lot to be placed in stock is recorded on a summary sheet called Job Order Cost Sheet.
Process Costing procedures are often termed continuous or mass production cost procedures. Process costing involves average costing for a particular period in order to obtain departmental and cumulative unit costs.the cost of a completed unit is determined by dividing the total cost of a period by the total units produced during the period.
Direct Materials need not be priced individually rather the cost is determined at the end of the production period through inventory difference procedure i.e adding purchases to beginning inventory and then deducting ending inventory.
Labor Costs are identified by and charged to departments in process costing, eliminating the detailed clerical work of accumulating labor costs by jobs.