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1 year ago

15

The income effect indicates that a price increases the purchasing power of income, enabling consumers to purchase

of a product and vice versa.

1 answer:

Margaret [11]1 year ago

5 0

Answer:lower;more

Explanation:

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The Big Black Bird Company (BBBC) has a large order for special plastic-lined military uniforms to be used in an urgent milita

zysi [14]

Answer:

first we must calculate the original value of the goods produced = $240 x 2,600 = $624,000

original cost = $125 x 2,600 = $325,000

original amount of labor used = (72 + 32) x 40 = 4,160 hours

value of goods after change = 3,800 x $240 = $912,000

cost after change = 3,800 x $152 = $577,600

labor used after change = (72 + 32) x 72 = 7,488 hours

a) original multifactor productivity = $624,000 / $325,000 = $1.92 per dollar spent

multifactor productivity after change = $912,000 / $577,600 = $1.58 per dollar spent

multifactor productivity decreased by 17.71%

b) original labor productivity = $624,000 / 4,160 hours = $150 per labor hour

labor productivity after change = $912,000 / 7,488 hours = $121.79 per labor hour

labor productivity decreased by 18.81%

c) change in weekly profits = ($912,000 - $577,600) - ($624,000 - $325,000 = $35,400 increase

8 0

3 years ago

The amount of insurname need will

aniked [119]

Whats the Whole Question?

4 0

3 years ago

A banking system with a reserve ratio of 20% and a change in reserves of $1 million can increase its total demand deposits by:A.

blondinia [14]

Answer: option B is correct

Explanation: In simple words demand deposit is similar to those funds held in a checking account. Demand deposits serves as the base of the money supply of the country.

Demand deposit can be computed using following formula :-

$=\:\frac{demand\:deposit}{required\:reserve\:ratio}$

$=\:\frac{1,000,000}{20\%}=\:\$5,000,000$

3 0

3 years ago

Garcia Industries has sales of $176,500 and accounts receivable of $18,500. The industry average DSO is 27 days, based on a 365-

Brilliant_brown [7]

Answer: 176,500 = 372,879

Explanation:

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2 years ago

PLEASE HELP ME I AM STUCK

Marat540 [252]

The answer is 350000

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2 years ago