Answer: Has increased.
Explanation: Income per person has increased over the years because the cost of living and expenses have also increased. As the cost of items go up, income increases to help consumers be able to afford living and purchasing goods and services.
Answer:
gold,crops, crisis, poverty
The income elasticity of demand for pasta is -0.4 based on the data from the question above. The answer to this problem can be solved using the elasticity formula which stated as ED = Q percent change / I percentage change where ED is the elasticity of demand, Q is the quantity of the product, and I is the consumer's income<span>. (Calculation: -4%/10%=-0.4)</span>
Answer:
Direct material price variance= $600 unfavorable
Explanation:
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Standard price= $1.45
Actual price= 18,000/12,000= $1.5
Actual quantity= 12,000
Direct material price variance= (1.45 - 1.5)*12,000
Direct material price variance= $600 unfavorable
Answer:
a. a schedule of requirements for all parts and end items
Explanation:
Material requisition planning (MRP) refers to a computer-based information system mainly meant to deal with ordering and scheduling of inventory items that are dependent on demand. It is provides a schedule of all parts, materials and other end inventory items that are required in a production process.
Therefore, the output of MRP is a schedule of requirements for all parts and end items.