Compute the variances in dollar amount and in percentage. (round to the nearest whole percent.) indicate whether the variance is favorable (f) or unfavorable (u). budgeted income amount $500.00 actual amount $400.00 dollar variance $ percent variance % f or u

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.