The TRUE statements about recession are as follows:
a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.
<h3>What are recessions?</h3>
Recessions are significant declines in economic activities. They are felt greatly in real GDP, income, and employment.
Recessions are characterized by many business and bank failures, slow or negative growth in productive activities, and elevated unemployment.
Thus, the true statements about recessions are <u>Options A and C</u>.
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If a firm's marginal costs <u>fall</u>, then its <u>price falls.</u>
This is based on the principle that if the marginal cost of a product or firm rises, that implies that the firm is operating at a high fixed cost, thereby leading to an increase in the cost of production, which generally equates to products having a high price.
On the other hand, where there is low marginal cost, production costs reduce because the products are being produced at a lower fixed cost. Thereby leading to lower prices.
Hence, in this case, it is concluded that "If a firm's marginal costs <u>fall</u>, then its <u>price falls</u>."
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Answer:A pair of sandals.
Explanation:Its so obvious stating that the marginal utility derived from sandals is higher compared to the other two items. You maximize your utility by going for the item with highest satisfaction which is glaringly sandals.
You also maximize your utility by considering the item which is economica prudent to one needs or want.
Answer:
$209
Explanation:
Since Mary's estimated annual income taxes are $5,424, then to determine the amount that should be withheld every two weeks, all we need to do is divide her total estimated taxes by 26 weeks = $5,424 / 26 weeks = $208.62 ≈ $209. generally you do not include cents in tax filings or payments, you need to round up or down. In this case you need to round up, even software rounds the amounts to the nearest dollar.
A. After cutting wages and benefits in order to increase profit
Explanation:
As a company that exists in an environment, it has a responsibility to socially responsible for its actions that affect its environment including individuals(employees)
The employees are part of the social environment, so cutting their wages and benefits does not make the company socially responsible.
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