Answer:
the demand for a factor of production that is derived from the demand for the good the factor produces.
Explanation:
Derived demand is demand for a factor of production that is derived from the demand for the good the factor produces.
It is when the demand for a good is dependent on the demand for another good.
An example of derived demand is demand for gas to fuel a car. If an individual didn't have a car, he won't buy gas but the person with a car needs gas for his car. So the demand for gas is a derived demand. If the demand for car falls, the demand for gas would also fall.
Answer:
d) $677,532.
Explanation:
1.
Written down value of the equipment after 4 years = Cost x ( 100% - 1st year MACRS - Second-year MACRS - Third-year MACRS - Fourth-year MACRS ) = $3,500,000 x ( 100% - 20% - 32% - 19.20% - 11.52% ) = $604,800
2.
Now calculate the gain on the sale of equipment
Gain on the sale of equipment = Sale Price - Written down Value after 4 years = $715,000 - $604,800 = $110,200
3.
Tax owed = Gain on the sale x Tax rate = $110,200 x 34% = $37,468
After-tax salvage value = Sales price - Tax = $715,000 - $37,468 = $677,532
How to produce, why to produce it, and when to produce it?
Answer:
$1,144,000
Explanation:
The product cost of an item is the total cost incurred in producing that item. This includes cost elements such as direct materials, direct labor and manufacturing overheads.
Hence given that Dixon Company incurred the following costs: direct materials used, $280,000; direct labor, $480,000; manufacturing overhead, $384,000; and selling and administrative expenses, $250,000,
Product cost
= $280,000 + $480,000 + $384,000
= $1,144,000
Dixon's product costs total is $1,144,000
Answer:
A. Contractionary fiscal policy
B. Left
Explanation:
When the economy is growing too fast and the inflation is high, Contractionary fiscal policy should be pursued. Contractionary fiscal policy entails either government increasing tax or reducing its spending or both.
When taxed are increased, the household disposable income will be reduced, households will have lesser money to spend and also the business profit will be reduced and this will lead to reduced investments. This policy will relax the aggregate demand and ultimately the interest rate.
Since the aggregate demand will reduce after pursuing this policy, aggregate demand will shift to the left