Answer:
Terms matched to best answers, given below
Explanation:
Risk Return Trade off : Safe investments make little money
Crony capitalism : Capitalism characterized by a government-manipulated economy
Marginal Benefit : Change in Total Benefit
Balance of Payment : CA+NX=0
Lorenz Curve : Represents actual distribution of income
Scarcity : When demand exceeds our ability to fulfill those demands
Marginal Cost : Change in total cost
<u>Given:</u>
Metals produced = 5000
Standard price for gold = $800 per ounce
Cost of 1100 ounces of gold = $875000
Gold used for production = 1000 ounces
<u>To find:</u>
Direct material price variance
<u>Solution:</u>
To calculate the direct material price variance we have to use the following formula,

On plugging-in the values we get,
![\Rightarrow( 800 - [ \frac{875000}{1100} ] )\times1100](https://tex.z-dn.net/?f=%5CRightarrow%28%20800%20-%20%5B%20%5Cfrac%7B875000%7D%7B1100%7D%20%5D%20%29%5Ctimes1100)
On solving we get,

Therefore, Phelps's direct materials price variance for the month is $5000.
Answer:
The correct answer is letter "A": the price level and real GDP.
Explanation:
The model of short-run economic fluctuations is a method that measures the changes in the output level of an economy. According to this model, the increase in money supply increases production which causes prices to decrease. It considers two variables: <em>the average level of prices </em>and <em>the production of the economy based on the real Gross Domestic Product (GDP)</em>.
Answer:
A scope management plan outlines the processes involved in executing your project and serves as a guideline to keep the project within specific limits. As a project manager, it's your responsibility to guide your team through the project life cycle.