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3 years ago

With respect to the consumer price index, the substitution bias arises because:

Business

1 answer:

natita [175]3 years ago

5 0

Answer:

a. prices of goods and services do not change in the same proportion from year to year.

Explanation:

Substitution bias describes a possible bias in economic index numbers if they do not incorporate data on consumer expenditures switching from relatively more expensive products to cheaper ones as prices changed.

Substitution bias occurs when prices of items change relatively to one another. It considers how consumer expenditures are reflected in a consumer price index. Consumers will tend to buy more of the good whose price declined, and less of the now relatively more expensive good.

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Explain a situation where user would transpose data on a spreadsheet in Microsoft Excel. Give at least one example to illustrate

GuDViN [60]

Answer:

You can do this by copying, pasting, and using the Transpose option. But doing that creates duplicated data. If you don't want that, you can type a formula instead using the TRANSPOSE function. For example, in the following picture the formula =TRANSPOSE(A1:B4) takes the cells A1 through B4 and arranges them horizontally.

Step 1: Select blank cells

First select some blank cells. But make sure to select the same number of cells as the original set of cells, but in the other direction. For example, there are 8 cells here that are arranged vertically:

Cells in A1:B4

So, we need to select eight horizontal cells, like this:

Cells A6:D7 selected

This is where the new, transposed cells will end up.

Step 2: Type =TRANSPOSE(

With those blank cells still selected, type: =TRANSPOSE(

Excel will look similar to this:

=TRANSPOSE(

Notice that the eight cells are still selected even though we have started typing a formula.

Step 3: Type the range of the original cells.

Now type the range of the cells you want to transpose. In this example, we want to transpose cells from A1 to B4. So the formula for this example would be: =TRANSPOSE(A1:B4) -- but don't press ENTER yet! Just stop typing, and go to the next step.

Excel will look similar to this:

=TRANSPOSE(A1:B4)

Step 4: Finally, press CTRL+SHIFT+ENTER

Now press CTRL+SHIFT+ENTER. Why? Because the TRANSPOSE function is only used in array formulas, and that's how you finish an array formula. An array formula, in short, is a formula that gets applied to more than one cell. Because you selected more than one cell in step 1 (you did, didn't you?), the formula will get applied to more than one cell. Here's the result after pressing CTRL+SHIFT+ENTER:

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2 years ago

What problems can result for an organization and its customers when the organization acts in an ethically questionable manner?

Marrrta [24]

Sales manager and buyer the organization acts in an ethically questionable manner

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3 years ago

Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes pa

maksim [4K]

Answer: Business intelligence

Explanation: Business intelligence is a term used to describe the strategic steps taken to obtain or collect data,carry out the analysis of the data analysis, showing trends, patterns and relationship between factors, treatments and other considerations before making business decisions. Business intelligence is all in modern business processes to adequately explore the advances in technology for Business decisions making.

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3 years ago

Dyan, the owner of expert restoration services, inc., adheres to the "principle of rights" theory. under this theory, a key fact

gulaghasi [49]

Affects the rights of others.

The principal of rights theory says individuals should have the maximum freedom and rights and those are only limited if the rights would infringe on rights of other people

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3 years ago

Read 2 more answers

Berne, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per

Vladimir [108]

Answer and Explanation:

As per the data given in the question,

Flexible manufacturing overhead budget

Activity level :

Machine hours 2,000 hours 3,000 hours 4,000 hours

Variable costs :

Indirect labor $5 $10,000 $15,000 $20,000

Indirect material $2.50 $5,000 $7,500 $10,000

Maintenance $0.80 $1,600 $2,400 $3,200

Utilities $0.30 $600 $900 $1,200

Total variable cost $22,600 $25,800 $34,400

Fixed costs :

Supervision $800 $800 $800

Insurance $200 $200 $200

Property taxes $300 $300 $300

Depreciation $900 $900 $900

Total Fixed cost $2,200 $2,200 $2,200

Total Cost $24,800 $28,000 $36,600

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3 years ago