The cost of goods manufactured at stereo corp. in the year 2017 is $285,000.
What is Manufacturing?
Manufacturing is the process of <u>turning raw materials or sections into finished goods using tools, human labour, machinery, and chemical products.</u>
Manufacturing enables companies to sell finished goods at a price higher than the cost of the materials used. Huge manufacturing allows for the mass production of goods using assembly line procedures and sophisticated technology as core assets. Manufacturing techniques that are efficient allow manufacturers to start taking advantage of scale economies of scale, generating more units at the a lower cost. Manufacturing is a vital and significant component of the economy. It entails the transformation of raw materials such as <u>ore, timber, and food </u>into finished goods such as <u>metal goods, soft furnishings, and processed foods.</u>
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There are at least 3 reasons why an artist would represent their ideas in abstract form. First, they may try to show the essential form or shape of the subject matter as in some paintings of the Group of Seven or Emily Carr in Canada in portraying snowy mountains or forests for example. Then, they may show disfigured people and horses screaming their outrage and dismay at being bombed like the painting of Guernica by Picasso to show outright rejection of the terrible bombing of Guernica in Spain by the Nazis in WWII. Also, color in an abstract painting can show the emotions of the painter such as in dark forests by Emily Carr to capture the feeling of being inside a dense forest of being closed in yet surrounded by wonderful vegetation.
The following would happen
- Aggregate income would increase for households. They would have a rise in output.
<h3> taxes on households are decreased</h3>
When the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.
<h3> taxes paid by firms are decreased</h3>
The cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.
<h3>the value of the national currency, the snezhankan lev, declines in the international currency market?</h3>
If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.
<h3> a revolutionary new machine, the apparat, increases worker productivity</h3>
An increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.
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Answer:
B. those who lose from free trade are better organized than those who gain.
Explanation:
There is a bias in the political process against free trade because <u>those who lose from free trade are better organized than those who gain</u>.
Free trades are the business agreement between two or more countries to import or exports among these countries does not have tax duties to follow, which boast their relationship and economy of countries as people can get quality goods at very low cost from other nation, however, many domestic organized sectors the affected by the free trade as they lose customer and revenue. Therefore, free trade has a negative effect on the local producer, which causes bias in the political process against free trade.
