Answer:
B. A technological improvement
Explanation:
An outward (rightward) shift in supply means an increase in supply.
Technological improvement would increase supply and supply curve would shift outward.
A decline in labor productivity would reduce supply and the supply curve would shift inward.
An increase in the cost of input would increase the cost of production and supply would fall. The supply curve would shift inward.
A reduction in consumer incomes would reduce demand and not supply.
I hope my answer helps you
Answer with its Explanation:
The first step is to diversify the sample size so that our sample includes every person from different cultures, geographic, religions, genders, etc., which would help in better assessment of the product's future in the market.
Second step is to set a sample size for receiving the feedback of the customers at required confidence interval that is Burger King's goal to achieve. For example, Burger King desires to achieve 93% customer satisfaction and the error rate would determined by using the confidence interval. This sample size would be calculated using the practical approach.
Third step is to ensuring that the errors in prediction are reasonably low by practical approach, confidence interval approach and diversified test samples. All this will help the company to ensure that they have accurate results in hand for decision making.
Answer:
$218,200
Explanation:
The computation of amount charged to income (expense and loss) is shown below:-
Total cost of the patent = $200,000 + $66,000
= $266,000
Amortization expense for 3 years = $266,000 ÷ 10 × 3
= $79,800
Net Patent cost = Total cost of the patent - Amortization expense
= $266,000 - $79,800
= $186,200
The amount charged to income (expense and loss) in 2024 related to the patent = Net Patent cost + Legal fees
= $186,200 + $32,000
= $218,200
Answer:
1. Easing
2. A higher
Explanation:
An adverse inflation shock when modeled is the upward shift of the Short run aggregate supply curve, this brings about higher inflation and causes a lowering of output.
The self-correcting mechanism of the economy will cause inflation to decrease gradually until the economy is back in long-run equilibrium at the original level of inflation.
If there is an intervention with monetary easing, aggregate demand will shift forward and a long-run equilibrium will be established where inflation remains at the higher level.
Answer: All of a country's citizens pay the <u>government</u> an income tax that is 7% of their annual earnings. This tax is a <u>Proportional</u> tax.
<u>Explanation:</u>
The government of a country receives revenue in many forms. With this revenue, the government provides services to the people of the country and works for their betterment. One of the modes of income of the government is the taxes that the people pay to the government.
The citizens of the country have to pay a certain percentage of the income that they on an annual basis. That percentage is 7% of the annual earnings to the government in the form of taxes. This form of tax is proportional tax because only a certain proportion of the total income is to be paid by the people to the government. In return the government has to provide services like building roads, tracks, providing street lights and so on which is to make the lives of the people easier and better.
