Answer:EIGHT MILLION SEVEN HUNDRED SEVENTY THOUSAND SEVEN HUNDRED NINE
sorry about the caps
Explanation:
Answer:
The mandatory retirement age is abolished.
- This will result in an <em>Increase in the long-run aggregate supply</em> (LRAS) curve because it means that companies in the economy now have a larger workforce to choose from. This will reduce the cost of labor and lead to more goods being supplied.
The economy's main export is candy. Candy from this country increases in popularity around the world.
- <em>No effect on long-run aggregate supply </em>(LRAS) curve because this deals with demand.
Since candy has become an international sensation, factories double the number of candy-making machines.
- Factories are now producing more candy due to having more candy-making machines. This will result in an <em>Increase in the long-run aggregate supply (LRAS) curve. </em>
The top candy companies choose to relocate their means of production to other countries around the world.
- The companies are still supplying candy to the world, however they are doing it from other countries. This supply coming from the hypothetical economy will therefore reduce. This will result in a <em>Decrease in the long-run aggregate supply (LRAS) curve. </em>
Answer:
Decrease price and affect the equilibrium quantity in an indeterminate way.
Explanation:
When there is a fall in the demand for a particular product then as a result there is a leftward shift in the demand curve for this product. On the other hand, if there is an increase in the supply of a product then as a result there is a rightward shift in the supply curve of this product.
Hence, there is a fall in the equilibrium price level and the effect on equilibrium quantity is indeterminate because we don't know the magnitude of the shifts of demand and supply curve.
Answer:
2019 -$8,000,000
2020-$8,000,000
Explanation:
Total compensation for three years=number of stock options*fair value
number of stock options is 12 million
fair value of option is $2
total compensation for three years=12,000,000*$2=$24,000,000
Compensation per year=$24,000,000/3=$8,000,000
The $8 million would be recognized in each of the three years i.e years 2018,2019 and 2020
In each of the three years,compensation expense would be debited with $8 million while paid in capital stock options is credited with $8 millon.
At the end of the third year ,paid in capital stock options would have increased to $24 million
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