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kodGreya [7K]
4 years ago
7

Suppose a war breaks out that is widely expected to last only one year. Show how the effect of this shock on aggregate output dep

ends on the size of the intertemporal substitution effect of the real interest rate on current leisure, and carefully explain your results.
Business
1 answer:
Lubov Fominskaja [6]4 years ago
4 0

Answer and Explanation:

Due to war outbreak, government increases their spending temporarily. Hence, this leads to a shift of the output demand curve towards the right. Also, since the government spending would be more, this would be more than the reduction in consumption due to a decrease consumer wealth. Simultaneously, due to a decrease in consumer wealth, this would shift the output supply curve towards the right. Since the effect of consumer wealth is subjected to be small, this puts the demand curve more further as compared to the output supply curve. Thus, the interest rate would increase.

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Scottso Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $26
seropon [69]

Answer:

Overhead application rate

= <u>Budgeted overhead</u>

  Budgeted machine hours

= <u>$266,400</u>

  18,500 hours

= $14.40 per machine hour

Overhead applied

= Overhead application rate x Actual machine hours

= $14.40 x 19,050 hours

= $274,320

Under-applied overhead

= Overhead applied - Actual factory overhead

= $274,320 - $287,920

= $13,600

Explanation:

In this question, there is need to determine the overhead application rate, which is the ratio of budgeted factory overhead to budgeted machine hours. Then, we will calculate the overhead applied, which is overhead application rate multiplied by actual machine hours. Under-applied overhead is the difference between overhead applied and actual factory overhead.                              .

6 0
3 years ago
Sean wants to buy a friend’s car, but he does not have the $3,000 that his friend is asking. He has $2,500 and is considering bo
vladimir1956 [14]

Answer:

I think Sean should negotiate for 2,500 dollars and save the 500 dollars for college or for something else he might want or need to buy.

8 0
3 years ago
Suppose that Boeing and Rolls-Royce Holdings are the sole producers of a particular turbo engine. The two firms currently charge
julsineya [31]

Answer:

<em>The two firms will manipulate the market in unison, to maintain the same price, which guarantees the optimum benefit for both firms, as opposed to if one or both of them reduces its price.</em>

Explanation:

<em>A cartel is a group of independent market participants that collude with each other in order to improve their profits and dominate the market.</em> Cartels are usually in the same line of business, and they form a type of alliance as competitors. Cartel use price fixing, bid rigging, and reductions in output, to dominate the market and to maximize their profit. They are usually frowned upon in a free market system.

In this case,<em> if the the two firms Boeing and Rolls-Royce operates as a cartel, they will bend the market rules by fixing their prices, instead of letting market drivers like demand and supply to determine their selling price, they might also reduce their output so that they both have the same level of output, or do any other form of manipulation in unison to maintain the same price</em>. This is because both companies will benefit equally if they maintain the same price, as opposed to if one or both of them reduces price.

3 0
3 years ago
According to the identify (id) function of the nist cybersecurity framework, what allows an organization to prioritize its effor
Viktor [21]

Understanding its business environment and resources allows an organization to prioritize its efforts where cybersecurity risk is involved.

The U.S. Department of Commerce's NIST is the National Institute of Standards and Technology. The NIST Cybersecurity Framework assists companies of all sizes in comprehending, managing, and reducing their cybersecurity risk as well as safeguarding their networks and data. The Framework is an optional one.

Identify, Protect, Detect, Respond, and Recover are the five fundamental tasks. On its official website, NIST describes the framework core as a collection of cybersecurity initiatives, objectives, and helpful resources that are applicable to all critical infrastructure sectors.

For cybersecurity professionals, the NIST Cybersecurity Framework is a valuable resource. It is a cost-effective method for businesses to tackle cybersecurity and promote an internal dialogue about cyber risk and compliance because of its versatility and flexibility.

To know more about Cybersecurity refer to:  brainly.com/question/22586070

#SPJ1

5 0
2 years ago
Scottie adams bird supplies issued 10% bonds, dated january 1, with a face amount of $240,000 on january 1, 2018. the bonds matu
notka56 [123]
The answer is :  $ 212,471.00 

Given the Factors : 
PV of annuity due of $1:  n = 20; i = 6% is 12.15812
PV of ordinary annuity of $1: n = 20; i = 6% is 11.46992
<span>PV of $1: n = 20; i = 6% is 0.31180

</span><span>$12,000.00 × 11.46992* = $ 137,639.00 
$240,000.00 × 0.31180** = 74,832.00 
$137.639+$74,832.00 = $ 212,471.00 </span>
8 0
4 years ago
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