<u>The substitution bias causes an inflation rate calculated using a fixed basket of goods over time to overstate the true rise in the cost of living because it does not take into account that people can substitute away from goods whose prices rise disproportionately.</u>
Explanation:
<u>When the price of a good rises, consumers tend to purchase less of it and to seek out substitutes instead</u>.
<u>On the other hand , if the price of a good falls, people will tend to purchase more of it and not opt for its substitutes</u>
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This concept implies that goods with generally rising prices should tend over time to become less important in the overall basket of goods used to calculate inflation, while goods with falling prices should tend to become more important for the calculation of inflation
The <u>quality/new goods bias</u> causes inflation calculated using a fixed basket of goods over time to overstate the true rise in cost of living <u>because improvements in the quality of existing goods and the invention of new goods are not taken into account.
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Answer:
correct answer for learning curve percentage is A. 90%
Explanation:
given data
average labor cost = $20/hr
Time 1st unit = 10 hours
Time 4th unit = 8.1 hours
solution
we apply here formula for learning curve that is
Time (x) units = Time 1st unit × 
so
time 4th unit = Hours 1st unit × 
8.1 = 10 ×
ln 0.81 = 
× ln 4
solve it we get
learning rate = 90%
so correct answer is A. 90%
Answer:
e. All of these choices
Explanation:
As we know that
The functions of management comprises of five functions i.e planning, organizing, staffing, directing and controlling
The planning is the way to plan the things so that the company could attain its goals and objectives within the prescribed time
The organizing is the second managerial function which helps to organizing the things of the company. It involves the way of doing the task and utilizing the resources efficiently and effectively so that the task could be completed at low cost and time
In addition, there should be a flexibility in a organization so that if an opportunity can comes then it would grab easily, it also consist of planning & decision making
<span>The maximum deduction a person can take for tax credit for college tuition is $10,000 per qualified student., or the total amount of the tuition if under that amount. The maximum that could be taken for Roshan would be $4000 and for Shante $10,000 for a combined deduction of $14,000 for their parents.</span>
The answer is two-machine flow shop. The two-machine flow shop issue in which each activity is prepared through an in-house framework or outsourced to a subcontractor. A calendar is set up for the in-house employments, and execution is measured by the makespan.
