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3 years ago

What happens to price when the cost of resources rise and falls

1 answer:

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In any business, when the cost of resources rise, the price of buying the commodity will also be high, this is because when it cost you much to produce a commodity, you will end up charging a higher price when selling it. Failure to do so may lead to making loses. The opposite is also true, when the cost of resources fall, the pricing will also be less.

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2 years ago

If real GDP is $500 billion, full employment GDP is $300 billion, and the marginal propensity to consume is 0.9, then Congress s

melomori [17]

Answer:

tax increased = $22.22 billion

so correct option is 3. increase taxes by $22.22 billion.

Explanation:

given data

real GDP = $500 billion

employment GDP = $300 billion

marginal propensity = 0.9

solution

we know here that Inflationary gap will be

Inflationary gap = Real GDP - Full-employment GDP

Inflationary gap = $(500 - 300) billion

Inflationary gap = $200 billion

and tax Multiplier is

Tax Multiplier = $\frac{- marginal propensity}{1 - 0.9}$

Tax Multiplier = -9

here negative sign means that decrease real GDP by $9

so tax should be increased by $1

so we can say that decrease real GDP by $200 billion

and tax should be increased = $\frac{200 billion}{9}$

tax increased = $22.22 billion

so correct option is 3. increase taxes by $22.22 billion.

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3 years ago

Lana Reid is an accounting clerk at Tenity Enterprises who is paid $18.15 per hour. During a week’s pay period, she worked 39 ho

butalik [34]

Answer:

$720.25

Explanation:

Given data:

Lana salary per hour = $18.15

total hour of work by her is 39 hr 41 minutes

we know from hundredth hour pay method

hundredth hr for 41 mints is $= \frac{(41}{60}) \times 100 = 68.33$

so we have 39 hrs 41 minutes that can be written as = 39.6833

So, salary for 39.6833 is $= $18.15 \times 39.6833 = $720.25$

4 0

3 years ago

Page 529 16.3. what is supply-side fiscal policy? identify each policy action as being focused on the demand side, the supply si

boyakko [2]

Answer:

From the example given,the 4 answer s to the question consist of both the demand and supply side, demand side, supply side.

It is explained better in the explanation box below.

Explanation:

Solution to the question

Categories Demand side  Supply side  Both

(1)Increasing spending on ‘Shovel ready”’ projects is on Demand Side

(2)Lowering income tax rates at all income level is Both

(3)Research grant for a corporation developing new technologies is on Supply side

(4)Stimulus packages for firms that are too big to fail is on Demand Side

(5) Government funded scholarship for college students: is on Supply Side

6 0

3 years ago

What is budgetary control?

Lyrx [107]

Answer:

The use of budgets in controlling operations

Explanation:

Budgetary control

The efficiency with which the manger utilizes the budget to control and monitor the costs and operations in a given period of time .

uses the budget as the controlling operations .

Steps of Budgetary Control:

a. Establish a plan or a target of the performance , which coordinates all the activities of the business .

b. Record the actual performance .

c. Compare the actual performance with the planned .

d. Calculate the differences , variances and the reasons .

e. Act immediately , if necessary, to remedy the situation.

5 0

3 years ago

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