The Smith Family's Disposable Income Rose from $40 000 Per

question 44

Multiple Choice

The Smith family's disposable income rose from $40 000 per year to $42 000 and his desired consumption expenditure rose from $38 000 to $39 600.It can be concluded that their

• A)average propensity to consume decreased from 0.950 to 0.943.
• B)average propensity to save decreased from 0.950 to 0.943.
• C)marginal propensity to consume is 0.050.
• D)marginal propensity to consume increased from 0.050 to 0.058.
• E)marginal propensity to save is 0.80.

Calculate the unit product cost for jobs.

Analyze the impact of actual manufacturing overhead costs on applied rates and prices.

Understand the differences between plantwide and departmental overhead rates.

Understand the distinction between direct and indirect costs in manufacturing.

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Definitions:

Formal-Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly and reason logically.

Lev Vygotsky

A Russian psychologist known for his work on cognitive development, specifically the social interaction theory which posits that community plays a central role in the process of making meaning.

Zone Of Proximal Development

The difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings.