<span>Upton Sinclair is the answer ^///^</span>
Answer:
overstate.
Explanation:
An unchanging basket of goods assumes that consumers are restricted from purchasing exactly the corresponding goods, without caring for changes of the price which are not a very likely hypothesis. <u><em>The result of substitution bias is that the increase in the price of a fixed basket of goods over time tends to</em></u> overstate the rise in the true cost of living of the consumer because it does not take into consideration that the person can substitute away from goods whose corresponding prices have increased.
Safety and liquidity. Liquidity means the ability to use it at a moments notice and if saved that is possible whereas if invested that may not always be the case. If invested you won’t be able to use the funds immediately or at least you aren’t guaranteed that you can without a delay. The other imp reason is safety. If you save your money it is safe and retains its value but if invested it’s value can fluctuate which you tolerate and expect in the hopes that over time it will earn you more money.
Banks and Credit Unions usually charge the lowest rates on loans.
Answer:
$65,333
Explanation:
As we know,
Sales price = Variable cost + Contribution cost
Sales price = Variable cost ratio + Contribution margin ratio
100% = 30% + Contribution
Contribution = 100% - 30%
Contribution = 70%
Fixed cost = $19,600
Break even sales = Fixed cost / Contribution margin ratio
Break even sales = $19,600 / 30%
Break even sales = $19,600 / 0.3
Break even sales = $65,333.
