In the aggregate expenditures model of the economy, a downward shift in aggregate expenditures can be caused by a decrease in <span>government spending or an increase in taxes.</span>
Answer:
Close the $2,500 to Cost of Goods Sold
Explanation:
The under applied overhead is added to the Cost of Goods Sold amount.
The same amount would be debited to the cost of goods sold and the manufacturing overhead would be credited with the same amount that is $ 2500.
Under applied overhead means that the overhead actually incurred is more than the overhead planned of to be incurred. So we add back the amount by which it is less.
Answer:
2. False
Explanation:
A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.
For example, there are two bakers, Jean and Vincent. Vincent can produce either 5 cakes or 10 pizzas in 1 hour while Jean can produce either 8 cakes or 12 pizzas in one hour.
The opportunity cost for producing cake is:
Jean = 10/5 =2
Vincent = 12 / 8 = 1.5
Vincent has a lower opportunity cost when compared with Vincent in the production of cake, therefore, he has a comparative advantage.
I hope my answer helps you
Answer:
Rational Choice Theory
Explanation:
The philosophy of rational choice is predicated on the idea of optimizing the human benefit for personality-interest.
In this Situation, Mike confused between nursing and other career options will studying, mike uses Rational Choice Theory , between better pay Options and long working hours.
This theory also reflects a high demand for human benefit over the good payoff.
Answer:
Thus, the present value is $2045.52.
Explanation:
Use the below formula to find the present value:
Present value = FV ÷ (1 + r/4)^(n*4)
Present value :
Thus, the present value is $2045.52.
