Answer:
C. Letter C; demand exceeds supply, resulting in a shortage
Explanation:
I had put my answer as A on the test and got it wrong. But this is the correct answer C.
Answer:
26,000 units
Explanation:
The computation of the new break even point in units is shown below:
= (Fixed expenses ) ÷ (Contribution margin per unit)
where,
Fixed cost = $525,000 + $125,000 = $650,000
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $50 - $25
= $25
So, the break even point in units is
= $650,000 ÷ $25
= 26,000 units
Answer:
The correct answer is letter "B": Yellow dog contracts.
Explanation:
Yellow dog contracts are those provided by employers in which they and the new hires agree in employees not engaging any activity related to unions while they are under the company's payroll. Yellow dog contracts attempt to avoid the formation of labor unions so the organizations only will have the power in deciding employee benefits, compensations, and working conditions.
These types of contracts are considered illegal after the Norris-LaGuardia Act of 1932 was enacted.
Answer:
A. The aggregate supply curve in Alcazar has shifted outward.
Explanation:
As the economy has increased impressively and that the production has outgrown with the use of new technology, and therefore, with huge production there is huge supply and accordingly both shall agree on the same.
As Lucas states that there is high production because of technology, and there is high supply, but it eliminates job as with use of technology involvement of labor decreases.
Toby Hartman also agrees with the same as with high economic growth there is high productivity and accordingly high supply.
