Answer: a. $0.53
Explanation:
Material Cost per foot of finished product = Material Cost/ Number of feet produced in June
Plastic Material Cost in June= $640,000
Number of Feet produced in June = 1,200,000
Material cost per foot of finished product
= 640,000/ 1,200,000
= $0.53
Answer:
There is little cooperation, relative to other economies.
The participants in the economy are slow to adopt new beneficial technologies due to previous customs.
Occupational choices can be restricted.
Explanation:
<em>Traditional economies</em> are old economy types that rely mainly on barter as a a mean of exchange. Their customs and tradition hinder changes related to technology, showing high resistance to change. Since economy is mainly based in the primary economy sector, occupational choices are usually limited for inhabitants.
There is the absence of international trade, as barter is the reigning exchange method done only inside the country.
Answer:
Purpose in life
Explanation:
The Ryff Well-Being inventory was developed by psychologist Carol D. Ryff, the 42-item Psychological Wellbeing (PWB) Scale measures six aspects of wellbeing and happiness: autonomy, environmental mastery, personal growth, positive relations with others, purpose in life, and self-acceptance .
Purpose in Life: To get a high score the respondent's must have strong goal orientation and conviction that life holds meaning.
For Pamela not to care of her disatisfaction of her low-paying job is a reflection of how she thinks about life as meaningless and nothing to strive for. She would probably score lowest ion this dimension.
The National L<span>eague </span><span>of </span>cities, Harvard U<span>niversity and the </span>likes help<span> make up what is known as the </span>public sector<span> lobby. Lobbying is done by many people, associations and even organized groups. It also </span>includes<span> people in the private sector, companies, government officers or interest groups. </span><span> </span>
Answer:
1) 6% , 2) 5% , 3) As inflation rate ise higher than expected inflation rate, real interest rate would be lower than expected real interest rate
Explanation:
Real Interest Rate is the interest rate, which accounts for the impact of inflation.
Real Interest Rate = Nominal Interest Rate - Inflation
1) 14% - 8% = 6%
2) 14% - 9% = 5%
3) In case of variation in expected & actual inflation rate
1 + nominal interest rate = (1 + real interest rate) (1 + expected inflation rate)
1 + 14% = (1 + r) (1 + 3%)
1.14 = (1 + r) (1.03)
1.14 = 1.03 + 1.03r
0.11 = 1.03r
r = 8.82 {If inflation is higher at 9%}
If inflation could have been at expected 3%, real interest rate could have been 14% - 3% = 11%.
So : As inflation rate turned out to be higher than expected inflation rate, real interest rate turned out to be lower than expected real interest rate
