Answer the Following Question(s)using the Information Below

question 30

Multiple Choice

Answer the following question(s) using the information below.Peggy's Pillows produces and sells a decorative pillow for $75.00 per unit.In the first month of operation, 2,000 units were produced and 1,750 units were sold.Actual fixed costs are the same as the amount budgeted for the month.Other information for the month includes:

-What is operating income using variable costing?

• A)$52,500
• B)$78,750
• C)$65,750
• D)$47,000
• E)$40,000

Evaluate the role of government and public policy in addressing income inequality and discrimination.

Understand the basic concept of income distribution and the use of Lorenz curves and Gini ratios to analyze income inequality.

Analyze the impact of various factors on household income levels and distribution.

Interpret data presented in tables and graphs related to income distribution.

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Definitions:

Implicit Challenge

a challenge that is not directly expressed or articulated but is implied or understood from the context or behavior.

Peremptory Challenge

A legal practice allowing attorneys to reject a certain number of potential jurors without stating a reason.

Authoritarianism

A political system characterized by strong central power and limited political freedoms.

Introversion/Extroversion

A personality trait spectrum where introversion signifies a preference for solitude and internal experiences, while extroversion indicates a preference for social interactions and external stimulation.