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Nataliya [291]
4 years ago
6

If P represents the price of goods and services measured in money, then 1/P is the value of money measured in terms of goods and

services True False
Business
1 answer:
Ray Of Light [21]4 years ago
4 0

Answer:

The answer is True

Explanation:

There is an inverse relationship between the price level and value of money (also known as purchasing power). An increase in the price level is the same as an decrease in the value of money.

As the price level decreases money is able to buy more goods and services and as the price level increases, money is able to buy less goods and services. inflation decrease the value of money or consumers' purchasing power.

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Carly is watching television and notices that she has seen the same commercial four times during the same program. she wonders w
grigory [225]

Answer:

She is unfamiliar with the <u>"mere exposure effect."</u>

Explanation:

When an individual hear or see something many times, he/she develops a preference for that thing merely, the reason is that an individual is so much familiar with that, this phenomenon is known as mere-exposure effect. Sometimes we also develop that effect when we watch any tv program so many times that we develop much familiarity with that program.

8 0
3 years ago
Capital is the amount of money paid into a company by its owners. true or false?
Softa [21]

Answer:

True. The Capital is the amount of money invested into a company by its owners.

3 0
3 years ago
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed wh
Genrish500 [490]

Answer:

c. $1,740 F

Explanation:

The $\text{material quantity variance}$ is the measure of the $\text{difference}$ between the amount of materials that is used in actual for the production process and the amount of the material that was expected or estimated to be used in the production process.

It is given that the Snuggs Corporation applies the variable overhead on direct labor hour basis.

Therefore, the SQ = 2.8 ounces per unit x 1100 units =   3080 ounces

The materials quantity variance = (AQ - SQ) x SP

                                            = (2790 ounces - 3080 ounces) x $ 6 per ounce

                                            = (-290 ounces) x $ 6

                                            = $ 1740 F

4 0
3 years ago
Escareno Corporation has provided its contribution format income statement for June. The company produces and sells a single pro
Dmitrij [34]

Answer:

b. $311,600

Explanation:

For the computation of total contribution margin first we need to find out the contribution margin per unit which is shown below:-

Contribution Margin per Unit = Contribution Margin ÷ Units Sold

= 319,200 ÷ 8,400

= $38

Total Contribution Margin = Contribution Margin per Unit × Units Sold

= $38 × 8,200

= $311,600

Therefore for computing the total contribution margin we simply applied the above formula.

7 0
3 years ago
At the​ profit-maximizing output​ rate, what is the average total​ cost?
allochka39001 [22]
A. what is the monopolist's profit- maximizing output? 5000 units. The point of intersection of MR and MC or when MR= MC. And when the line is extended on to the demand curve it gives the profit maximizing out put for a monopolist
6 0
3 years ago
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