Suppose that in 2017 the price of beans was $2 and the price of rice was $8. Inflation was % . Indicate whether Dmitri and Frances were better off, worse off, or unaffected by the changes in prices. Better Off Worse Off Unaffected Dmitri Frances Now suppose that in 2017 the price of beans was $2 and the price of rice was $4.80. In this case, inflation was % . Indicate whether Dmitri and Frances were better off, worse off, or unaffected by the changes in prices. Better Off Worse Off Unaffected Dmitri Frances Now suppose that in 2017, the price of beans was $2 and the price of rice was $1.60. In this case, inflation was % . Indicate whether Dmitri and Frances were better off, worse off, or unaffected by the changes in prices. Better Off Worse Off Unaffected Dmitri Frances What matters more to Dmitri and Frances

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.