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Delvig [45]
1 year ago
14

Which of the following would not be an expected response from a decrease in the price level and so help to explain the slope of

the aggregate-demand (AD) curve?
A.With prices down and wages fixed by contract, Millio’s Frozen Pizzas decides to lay off workers.
B.When interest rates fall, Sleepwell Hotels decides to build some new hotels.
C.The exchange rate falls, so French restaurants in Paris buy more Iowa pork.
D.Janet feels wealthier because of the price-level decrease and so she decides to remodel her bathroom.
Business
1 answer:
OLEGan [10]1 year ago
5 0

With prices down and wages fixed by contract, Milli's Frozen Pizzas decides to lay off workers would not be an expected response from a decrease in the price level.

<h3>What happens to the budget line if prices don't change but consumer income does?</h3>

Consumers will switch to the consumption of lower combinations of goods or services if their income declines. Since the cost of the commodities has not changed, the budget line will drop downward but the slope stays the same.

When one or both product prices fluctuate while nominal revenue (budget) stays the same, the budget line will alter. a change in the nominal income level with no change in the relative prices of the two goods.

To know more about budget line, refer:

brainly.com/question/14637545

#SPJ4

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When a principal is unidentified Group of answer choices the agent and principal will be jointly and severally liable on the con
Alja [10]

Answer:

The correct answer is letter "A": the agent and principal will be jointly and severally liable on the contract.

Explanation:

Principal-agent relationships born because of the need for principals of contracting agents acting on their behalf. While interacting with third parties, the principal can take one of the three (3) following roles: <em>fully disclosed principal, unidentified principal, </em>and <em>undisclosed principal</em>.

An unidentified principal, <em>also called jointly and severally liable principal, is unknown by third parties. The third party knows the agent represents another party but the identity of that other party is a mystery.</em>

4 0
3 years ago
The following data was collected from the manufacturing of an auto component. It represents the diameter (in mm) of that compone
andre [41]

Answer:

9.37

Explanation:

The computation of LCL for a control chart is shown below:-

Sample  Obs 1  Obs 2    Obs 3   Obs 4   Mean observation    Range

1                 10      12           12          14              12                         4

2                 12     11            13          16              13                          5

3                 11      13            14           14              13                          3

4                 11       10            7            8               9                          4

5                13     12             14            13             13                         2

For computing the mean observation  and range we will use the below formulas

Mean observation = ( Obs 1 + Obs 2 + Obs 3 + Obs 4) ÷ 4

Range = Highest value - Lowest value

LCL =  \bar{\bar{X}} - A2 \bar{R}

\bar X =  ( 12 + 13 + 13 + 9 + 13 ) ÷ 5

= 12

\bar R =  ( 4 + 5 + 3 + 4 + 2 ) ÷ 5

= 3.6

Since we found the value of A2 with the help of constants table for control charts for a 4 subgroup size.

A2  = 0.729

LCL =  \bar{\bar{X}} - A2 \bar{R}

12 - 0.729 × 3.6

= 9.37

5 0
2 years ago
Suppose that in your first year of college you spend $21,800.00 more than you earn. In your second year, your expenses increase
lilavasa [31]

Answer:

$483,000.987

you are RICHHHHHHHHHH

Explanation:

8 0
3 years ago
Loughry Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The
Andreyy89

Answer:

The correct option is D. $7,124

Explanation:

To compute the catering supplies amount, the following items need to be considered. along with this, the computation is also shown:

= Catering supplies + Job cost + meal cost

where,

Catering supplies are $530 per month

Job cost = Per job cost × expected number of jobs

              = $114 × 25 jobs

               = $2,850

Meal cost =  Per meal cost × expected number of meals

                 = $16 × 234 meals

                 = $3,744

Now put these values to the above formula

So, the answer would be equal to

= $530 + $2,850 + $3,744

= $7,124

The actual activity is not consider. Thus, it is ignored.

Hence, The catering supplies in the flexible budget for October would be closest to $7,124

Therefore, the correct option is D. $7,124

5 0
3 years ago
Gertrude takes out a $5,500 subsidized Stafford loan, which must be paid back in ten years. Gertrude will graduate four years af
Sergio [31]

$2,095.30 interest will she pay by the time the loan is repaid

Solution:

The $5,500 guaranteed Stafford loan is taken from Gertrude.

The loan has a monthly compounding interest rate of 6.8 percent.

Price current= $5,500.

Present Value = $5,500

Time period = 10 years

So , N = 10 x 12 = 120 months.

Interest rate, R = 6.8/1200 = 0.005666667

PV = Pmt * [1 - (1+R)^(-N)]/(R)

5500 = Pmt * [1 - (1+0.005666667)^(-120)]/(0.005666667)

Pmt = $63.29418157

She got full refund. = 63.29418157 x 120 = $7,595.30

Interest paid = Total repayment - Loan Principal

                      = $7,595.30 - $5,500

                      = $2,095.30

7 0
2 years ago
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