Answer:
b. we should get an accurate picture of how all consumer goods and services prices changed from year to year.
Explanation:
Wether it is ased on a fixed goods of goods or based on a changing goods of goods that gets old after time, we should check how is it work with this policy
The goal for the index is to adjust the value of assets by the inflation rate to calcualte the loss for having dollar bills.
Answer:
The answer is: 10 Snickers bars and 20 cans of Coke.
Explanation:
To find out what combination she can buy with her total income ($32.50) we can just multiply the price of each product by its quantity;
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(24 x $0.75) + (12 x $1.25) = $33 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(22 x $0.75) + (14 x $1.25) = $34 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(15 x $0.75) + (18 x $1.25) = $33.75 SHE CAN´T AFFORD TO BUY
- If she buys 24 snickers bars and 12 cans of coke she will spend:
(10 x $0.75) + (20 x $1.25) = $32.50 <u> </u><u>SHE CAN AFFORD TO BUY</u>
Answer:
By paying user charges in the form of lock fees and fuel taxes.
Explanation:
The water carriers in repaying the government for the water way construction aid received do this by paying user charges in the form of lock fees and fuel taxes.
Answer:
standard price= $5
Explanation:
Giving the following information:
Quantity of direct materials used 3,000 lbs. Actual unit price of direct materials $5.50 per lb. Units of finished product manufactured 1,400 units Standard direct materials per unit of finished product 2 lbs.Direct materials quantity variance-unfavorable $1,000Direct materials price variance-unfavorable $1,500.
Direct material price variance= (standard price - actual price)*actual quantity
-1,500= (SP - 5.5)*3,000
15,000=3,000SP
5= standard price
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (1400*2 - 3,000)*5
Direct material quantity variance= 1,000 unfavorable
Answer: Opportunity cost
Explanation:
The economic principle best embodied by this story is the opportunity cost. Opportunity cost is the cost of what one forgoes when one takes an alternative decision.
In this case, the opportunity cost of him visiting his aunt will be the lost opportunity which he could have used to watch his brother play.
