Increases in total factor productivity (TFP) can generate sustained increases in per capita output growth because increasing

A) TFP does not cause diminishing returns
B) TFP lowers the capital stock
C) TFP lowers human capital
D) TFP increases the population

Question 9
Between 1980 and 2017,
A) both China and India experienced increased standards of living
B) India experienced increased standards of living but China did not
C) Neither India nor China experienced increased standards of living
D) China experienced increased standards of living but India did not

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question

In order to stay on track for long term financial goals, money for emergency spending should be taken first from your savings account. discretionary money. fixed expense money. net income.