Answer:
Californian citizen
Explanation:
For a Californian citizen, the maximum number of meals and units of leisure they could possibly acquire per day are:
For a Mississippi citizen, the maximum number of meals and units of leisure they could possibly acquire per day are:
Both citizens can acquire the same number of meals, but the Californian citizen can acquire twice as many units of leisure than the Mississippi citizen. Therefore, the Californian citizen is more well-off in terms of the bundles of goods they can consume.
Answer:
Option B. Shift the short-run aggregate supply curve down.
Explanation:
The reason is that the inflation increases the price of the product which results in decrease in the demand of the product and this decrease in the demand of the product due to increasing inflation results in decrease in the supply of the product because the firms have to control the marginal cost of the product to lower the prices and stay in demand. Hence option B is the correct option.
Answer:
The amount of interest that ash should report as a supplemental disclosure of cash flow information is $ 30,000.
Explanation:
In income statement the amount of expenses are recorded keeping matching concept under consideration. However, in cashflow statement expenses that are paid in cash are shown as cash out flow.
Interest payment will be calculated as follow.
Opening balance $ 15,000
Interest expense $ 20,000
Closing Balance ($ 5,000)
Payment $ 30,000
The interest payment of $ 30,000 will be reported in cash flows statement.
Efficiency or managed-care
