Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.
<h3>How supply can be increased in the short run?</h3>
In the marketplace model, supply slopes up due to the profit purpose of individual firms. If a corporation receives a better price, they'll make a higher profit via way of means of selling more, so the quantity supplied will increase while the price will increase.
Therefore, Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.
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Answer:
1.- rate 3.5 dollars
2.- underapplied for 17,500
adjusting entry:
cost of goods sold 17,500 debit
manufacturing overhead 17,500 credit
Explanation:
We calculate the predermined overhead rate by dividing the expected overhead cost by the cost driver figure.
1,680,000 / 480,000 = 3.5 dollars
Applied overhead
actual labor hours x rate
475,000 x 3.5 = 1,662,500
actual (1,680,000)
underapplied (17,500)
As the actual cost were higher than our actual cost the overhead is underapplied we need to recognize more overhead cost in our inventory.
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Answer:
Structural Unemployment
Explanation:
Structural UnemploymentUnemployment
Answer:
For $2,000 to be withdrawn from the margin account, the oil futures price must be $62.
Explanation:
a) Data and Calculations:
Price of the long futures contract to buy 4,000 barrels of oil = $62.50 per barrel
Initial margin = $62.50 * 4,000
b) If the futures price is fixed at $62 per barrel and the initial margin per barrel already opened with a broker is $62.50, then the security investor can withdraw $2,000 ($0.50 * 4,000) from the margin account. This will result in an excess of $0.50 per barrel. Computationally, $0.50 * 4,000 = $2,000.