Answer:Gorbachev started reforming the Soviet Union by implementing policies to bring about individual freedom, bureaucratic transparency and to stimulate economic change, most notably with the Sinatra Doctrine and Glasnost.
Explanation:
Answer:
Mental accounting.
Explanation:
Mental accounting is the process by which people categorise, code, and evaluate economic outcomes of actions. It involves categorisation of expenses. This classification of funds can lead to irrational behaviour in spending and investment.
Money is valued based on personal and subjective criteria.
In this instance the grandma has classified the $50 as fun money because she won it playing Bingo. Even though she was saving for a rocking share she used the fun money to color her hair.
Answer:
Explanation:
In this question, we apply the lower of cost or market (LCM) rule which is shown below:
For Product 1
The Cost is $20
And, the market value = Selling price - selling cost - normal profit margin
= $40 - $6 - $5
= $29
So, the lower value would be $20
For Product 2
The Cost is $90
And, the market value = Selling price - selling cost
= $120 - $40
= $80
So, the lower value would be $80
For Product 3
The Cost is $50
And, the market value = Selling price - selling cost - normal profit margin
= $70 - $10 - $12
= $48
So, the lower value would be $48
In the product 2, the replacement cost is 85 and the market value without considering the normal profit margin is $80 which is less than the replacement cost that's why we do not take the normal profit margin
Answer:
Option C, Shows the decrease in unit cost as more of the same product is produced over time, is the right answer.
Explanation:
Option C is the correct answer because the learning curve shows the relationship between the cost of the production and output over the time period. Moreover, this curve shows the cost savings when more output is produced over time. The same can be seen in option C that the cost decreases when output rises which means there is a cost-saving.