Answer:
a. makes normative statements.
Explanation:
In Economics there are two type of statements: positive statements and normative statements.
Positive statements describe an aspect of reality, while normative statements try to establish what ought to be about an aspect of reality.
For example, a positive statement is: the inflation rate is 4%.
While a normative statement is: the inflation rate should be between 3% and 4%.
When an economist uses normative statements, he is not only a scientist, but a policy adiviser as well, because he is using his knowledge to recommend actions that affect society, and that are political.
Answer:
commercial, message, pitch
Explanation:
yes
Answer:
a. CE(X) > CE(Y).
Explanation:
In the case when X would be preferred over the Y
So,
CE X > CE Y
Let us assume U = √W
And,
Let us assume that
EUx = 5, EUy = 4
So,
√CEx = EUx = 5
CEx = 25,
Like that CEy = 16.
Therefore
CEx > CEy
Hence, the correct option is A
Answer
Cooperatives
Explanation
When retailers lack the power to gain a market so as to negotiate prices, the join together to form cooperatives which will have a unified voice and gain market power on their behalf. These organizations are set with the aim of purchasing and marketing the products of its members.
Answer and Explanation:
The journal entry to record the factory overhead is given below:
Predetermined Overhead rate is
= Estimated overhead ÷ Estimated machine hours
= $1,470,000 ÷ 40,000
= $36.75 per mh
Now journal entry is
Work in Process $175,665
To Factory Overhead $175,665 (4780 × 36.75)
(Being the factory overhead applied is recorded)
Here work in process is debited as it increased the assets and credited the factory overhead as it decreased the expense