Answer:
an increase in equilibrium price and an indeterminate effect on equilibrium quantity.
Explanation:
An inferior good is a good whose demand increases when income falls and reduces when income rises.
If ramen is an inferior good, when income falls its demand would increase. This would lead to a rise in quantity and price.
An increase in the price of wheat would increase the cost of production of ramen. As a result, the supply of ramen would fall. Price would increase and supply would fall.
The combined effect would be an increase in equilibrium price but an indeterminate effect on equilibrium quantity.
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Answer:
Spending Variance $389 Unfavorable
Explanation:
<em>The spending variance is the difference between the standard cost allowed for the actual level of activity and the actual cost incurred.</em>
$
Standard allowance ($19× 609) + 1090 12,661
Actual cost 1<u>3,050</u>
Spending Variance <u> 389 Unfavorable</u>
Opportunity based decision making
Answer: B. Restricted Fund Balance
Explanation:
A Restricted Fund is created when the source of the funds sets certain stipulations for the use of the money which in this case is that the monies should be used for the maintenance of the cemetery. The monies will therefore be restricted to that use alone.
The Unspent Investment Earnings will be reinvested in the Permanent fund at the end of the year. The Permanent Fund is a Restricted fund account therefore the Unspent earnings will be classified as a Restricted fund balance as well.
The family of the boy will most likely sue the Gregors for not putting a fence around the pool in their backyard due to which their child has been injured.
<h3>What is a fence?</h3>
A fence is a structure built outside an area to cover it so that no one can escape or enter that area. It is a kind of a railing or a barrier usually made up of wood, wire, or steel bars.
If the Gregor family has put the fence around the pool in their backyard, then a ten-year-old boy can't able to enter the pool area which ultimately results in no injury to the boy. But the Gregor family has denied putting the fence which makes the ten-year-old injured when he jumps into the pool area.
Therefore, the injured boy's family will sue the Gregor family for not putting a fence around the pool area.
To learn more about the Gregor family in the mentioned link:
brainly.com/question/10680266
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