I’m going to go with b. Will be considered in the decision making process.
I looked up the definition of criterion and it means a principle or standard which maybe judged or decided. It’s not the ONLY thing that’s required.
Answer:
The difference is in how they response to the level of production of the firm.
Variable cost are directly associated with the production level, therefore changes with the number of units produced.
Fixed costs do not change with the level of production and remains fixed. Usually, fixed cost changes with the time.
Periodic Costs are the costs that cannot be capitalised and are incurred for a period of time. Such as administrative costs.
Explanation:
Answer: Future Value FV = 169,500
Explanation:
The information given to us are;
Present value PV = 113000
Interest R = 10% = 0.01
number of years T = 5
Future value FV = ?
So using the formula
FV = PV * [1 + (R * T)],
We input our value
FV = 113000 * [ 1 + ( 0.1 * 5) ]
FV = 113000 * [ 1 + 0.5]
FV = 113000 * 1.5
FV = 169500
Answer: cultural selection
Explanation:
Products are winnowed out as they make their way down the path from conception to consumption, a process called cultural selection.
Cultural selection theory is a theory about how certain things spread in the society, such as an art, a religious ritual etc. Due to innovation and other criteria, products will be winnowed out.
Answer:
consumption, investment, government purchases, and net exports.
Explanation:
The Gross Domestic Products (GDP) is the measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country. The Gross Domestic Products (GDP) of a country's economy gives an insight to it's social well-being.
Basically, the four major expenditure categories of GDP are consumption, investment, government purchases, and net exports.
