Answer:
D) A drop in the price level
Explanation:
Aggregate Demand represents the demand for goods and services while its supply is called aggregate supply. Aggregate Demand Curve represents the total amount of goods and services demanded by an economy at different price levels. When there is shift to the left in an aggregate demand curve, it is caused by a drop in demand which could have been influenced by a rise in the price levels. A shift to the right in an aggregate demand curve signifies an increase in demand which might have been influenced by a drop in price levels.
Answer:100
Explanation:
The following information can be gotten from the question:
Cost for 10 sofas = $2500
Cost for 12 sofas = $2760.
Average Cost = Total Cost/Quantity
2500 / 10 = $250 and
$2760 / 12 = $230
The average cost for 12 sofas will be $230
Marginal cost is the change in total cost divided by the change in quantity. This will be:
= ( 2760 - 2500 )/( 12 - 10 )
= 260/2
= 130
The difference between the average cost per sofa for 12 sofas and the marginal cost of the 12th sofa will be:
=230 - 130
= 100
The correct answer is D. Something of value that can be bought, sold, or traded
Explanation:
The word "commodity" is used in economics to refer to any good or product that has an economic value and due to this, can be part of the market. This means any commodity can be traded, sold, or bought. Moreover, this concept is mainly applied to raw materials such as coal, timber, or wheat that can be used to make other manufactured products such as plastics, furniture, or flour. According to this, the option that correctly describes the word commodity is option D.
Answer:
1,100 units
Explanation:
The computation of the units sales to achieve target operating income is shown below:
Unit sales is
= (Fixed expenses + target operating income) ÷ (contribution margin per unit)
= ($16,500 + $22,000) ÷ ($75 - $40)
= ($38,500) ÷ ($35)
= 1,100 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: $9,276.80
Explanation:
The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method used by the United States for depreciation of fixed assets for tax purposes. There are different recovery period term types and the 7 year recovery period is attached here.
The depreciation charge for year 6 is: 8.92%
Depreciation charge is therefore:
= 104,000 * 8.92%
= $9,276.80