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jek_recluse [69]
4 years ago
9

If all firms expect greater demand for their products or services, they will hire _____ resources like labor and capital and the

economy will experience _____.
Business
1 answer:
nexus9112 [7]4 years ago
6 0

Answer: more, growth

Explanation:

If all firms expect greater demand for their products or services, they will hire more resources like labor and capital and the economy will experience growth.

For an economy to grow, human capital, labor force, and technology can not be exempted. The quality of the materials used also plays a vital role as well. Once all these are in place, then the economy while start experiencing turn around.

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Which of the following government policies is least likely to increase the standard of living in the United States?Investment in
gregori [183]

Answer: Option B

Explanation: The correct answer is raising the minimum wage paid to workers. Standard of living can be defined as the degree of comfort and luxury provided to every individual in a specified area. The standard of living involves every individual in the country thus the investment should be made on the sector which effect every individual. Raising the minimum wage would only increase the standard of living of poor and not every section of the society.

8 0
4 years ago
manufactures two products: A and B. The company's accounting records revealed the following per-unit costs for direct materials
fenix001 [56]

Answer:

Unitary cost= $351

Explanation:

Giving the following information:

Overhead costs:

Setups= $240,000

General factory= $2,350,000

Machine processing= $120,000

Total overhead= $2,710,000

Total direct labor hours= 10,000 + 10,000= 20,000

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,710,000/20,000

Predetermined manufacturing overhead rate= $135.5 per direct labor hour

<u>Now, we can calculate the unitary cost for Product B:</u>

Direct materials $60

Direct labor: 2 hours at $10/hour $20

Unitary cost= 60 + 20 + 2*135.5

Unitary cost= $351

6 0
3 years ago
Suppose that the central bank must follow a rule that requires it to increase the money supply when the price level falls and de
KatRina [158]

Answer: Option (c) is correct.

Explanation:

Correct Option: Decrease the money supply, which will move output back towards its long-run level.

If the economy is in long run equilibrium and there is a rightward shift in the aggregate demand curve then as a result output and price level rises in an economy.

Here, the central must follow the contractionary monetary policy to stabilize the economy.

So, the central bank must decrease the money supply to move the output and price level back to its initial position.  

6 0
4 years ago
Jordana is a travel agent. Whenever she sells an expensive vacation package, she encourages the customer to buy travel insurance
bogdanovich [222]

Answer: Financial

Explanation: Financial risk is any several categories of risk correlated with the research of money and how it is used, a treaty or process of passing a message which is held between a customer and a seller to trade aid to expenditure which involve organization loans in hazard of failure to meet circumstances of the loan.

7 0
3 years ago
Read 2 more answers
Which of the following is NOT considered a step in activity-based costing?
statuscvo [17]

Answer: C. Identify a single overhead rate as the predetermined overhead rate.

Explanation:

Activity based costing works by assigning indirect and overhead costs to the activities that caused the costs to be incurred and then assigning those activities to the products those activities helped produce such that indirect and overhead costing is more accurate.

The steps involved include, tracing and allocating overhead costs to activity coat pools, identifying and classifying the major activities involved in the manufacture of specific products, and assigning overhead costs to products based on cost drivers.

It does not include identifying a single overhead rate as the predetermined overhead rate. This is a step is in Standard Costing.

4 0
3 years ago
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