Answer:
Supply side is the view point of the Firms or the Businesses.
Explanation:
As the law of demand deals with the consumers side, the law of supply deals with the suppliers or the firms/businesses.
this tries to explain the factors that affect the supply, such as the prices of the substitutes and complements, the price of a commodity itself, taxes, government subsidies, technological influences, etc...
in this question, the 1st option, consumer is wrong. However, in certain situations, Government can be acted as a "supplier" (if there is a government monopoly on the supply of a good or a service", and government is a heavy influencer of supply through the implementaion of taxes and subsidies!
Answer:
economic (or business) cycles are less severe.
Explanation:
If the wages follow the general price level, it means that they will follow the inflation rate. When the economy is strong and inflation might rise, then the wages should increase accordingly. When the economy is starting to enter a recession then the inflation rate will reduce, so wages will not increase as much (if any increase at all).
This type of economic policy favors expansion cycles since private consumption is the main component of the GDP and also helps when the economy enters a recession because the wages will follow inflation rate which will help make the recession less severe and hopefully shorter.
One basic concept for this to work is that inflation is always a positive number, countries rarely (if ever) go through deflation processes.
Answer: 52.51 rupees/dollar
Explanation:
The real exchange rate attempts to account inflation in the countries being compared by using prices in the exchange rate.
The formula for calculating it is;
Real exchange rate = Nominal exchange rate *(Price index of domestic country/Price index of foreign country)
Real exchange rate in 2014 = 57*(99.5/108)
= 52.51 rupees/dollar
Claims that drop-out rate has increased because more women have taken jobs in the workplace is an example of false cause fallacy.
A false cause fallacy is said to occur in a statement because the link between the premises and conclusion does not even exist.
Here, phrase one is "high school drop-out rate has increased" and phrase two is <em>"because </em><em>more women </em><em>have </em><em>taken jobs </em><em>in the workplace"</em>
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If we assess the two phrase, we will observe that their is no link between the statement to facilitate a valid conclusion because when woman taking jobs in workplaces can not result to increase in drop rate in high school.
Therefore, it is an example of false cause fallacy.
Read more about this here
<em>brainly.com/question/6987057</em>
Answer: Increase of $20,000
Explanation:
The cost of making a unit is:
= Direct material + Direct labor + Variable overhead + Fixed overhead
= 10 + 14 + 5 + 3
= $32
For 4,000 units that would be:
= 4,000 * 32
= $128,000
Cost of buying 4,000 units :
= Cost of buying + Fixed cost
= (4,000 * 30) + (3 / 2 * 4,000)
= $126,000
This cost is further reduced by the renting of the unused space:
= 126,000 - 18,000
= $108,000
Impact on profit:
= Cost of making - Cost of buying
= 128,000 - 108,000
= $20,000
Increase of $20,000
