Answer:
Unitary variable cost= $95
Explanation:
Giving the following information:
Direct labor $ 40 per unit
Direct materials $ 33 per unit
Variable overhead $ 22 per unit
<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>
Unitary variable cost= 40 + 33 + 22
Unitary variable cost= $95
Answer: Instrumental
Explanation:
Rational choice theory, is a school of thought which is based on the assumption that individuals will choose a course of action which goes in line with what they personally prefer.
For the instrumental rationality, it has to do with looking for the most cost effective method in order to achieve a particular objective. Therefore, the behavior of corporate executives who outsource jobs to other countries where labor cost is cheaper than in the United States is defined as being instrumental.
<span>How accurately do GDP statistics portray the economy and why Bloomberg? GDP stands for Gross Domestic Product, economist use the term domestic lightly because it's not always 100% accurate. These numbers are used for official data but are not always accurate. </span>
Database is correct, it must store data and be easy to access and retrieve.
Answer:
-3.28
Explanation:
Given that,
Initial quantity, Q1 = 2
Final quantity, Q2 = 0
Change in quantity = Q2 - Q1
= 0 - 2
= -2
Initial income, M1 = $8
Final income, M2 = $15
Change in Income = M2 - M1
= $15 - $8
= $7
Average quantity:
= (2 + 0) ÷ 2
= 1
Average income:
= (15 + 8) ÷ 2
= 11.5
Therefore,
Percentage change in quantity demanded:
= (Change in quantity demanded ÷ Average quantity) × 100
= (-2 ÷ 1) × 100
= -200%
Percentage change in income:
= (Change in income ÷ Average income) × 100
= (7 ÷ 11.5) × 100
= 60.87%
Income elasticity of demand:
= Percentage change in quantity demanded ÷ Percentage change in income
= -200 ÷ 60.87
= -3.28