The following are Westview Co.'s standards for metal for for the production of tables. Westview incurred the following actual costs for metal for the production 2,200 tables in August 2018: Required: Calculate the following variances for direct materials for August, indicate whether they are favorable or unfavorable. Which of the following topics are more hatly to be atudied by a macroeconomist thas by a microeconomist? The effect of taxes on the prices of airline tickets and the profitabilisy of automakers The price of beef and wage differences between geeders How consamers maximise utility and how peices se entablinhed in markets for agricultural prodscts The percentige of the labor force that is out of work and crosi-country differences in average income Question 2 (1.53846 points) Saved The batic tools of supply and demand are Eneful ouly in the analyuis of econoesic behaviot in individual aukets. useful in unlyzisg the overall economy, but not in anahzing isdrvidual zarkets. central to microeconomic analysis, but seldors used in macroeconcenie anahais. central to mactoeconotsic analysis as well as to microcconomic amalysin. Question 3 (1.53846 points) Saved Which of the following atatintics is erailly regarded as the bets aisde meanure of a society s economic well-being? The GDP defligter The producer price index Gross domertic product The site of the goverment surplas Question 4 (1.53846 points)