Macroeconomics is important because it allows the public to understand the economy as a whole, fiscal policy and global economic policy.
Answer: The correct option therefore is > upward sloping
Explanation:
When resources are limited in quantity, the cost of production would increase. Hence, in the long run, the supply curve will be upward sloping.
Answer:
The dealer will sell 15 Volvos
Explanation:
Consider the following formulas to calculate the Q of which optimize the exercise.
Profit = Q*p
Profit = (30-q)*q
Profit = 30q - q^2
Differentiating with respect to q, we get
30-2q = 0
2q = 30
q=15
The dealer will sell 15 Volvos
Answer:
The journal entry to record the direct material used in production is given below:
Dr Work-In Process Inventory $40000
Cr Raw Materials Inventory $40000
Explanation:
The work in process inventory is debited since it is the receiving account ,while raw material inventory is credited as it is the giving account.
The work in process depicts raw materials currently being worked upon at the production, from which completed goods are then transferred to finished goods inventory.
The raw materials inventory account is the account where raw materials received from vendors are first of all recorded before the need to issue to production process.
When such materials are received in the warehouse , the raw materials inventory account is debited while the supplier account is appropriately credited to show the amount of indebtedness.
Answer:
The correct answer is:
b.) semistrong form efficient
Explanation:
In financial economics, the efficient-market hypothesis is a hypothesis that states that asset prices reflect all available information. The concept theorizes that the market is generally efficient, because it holds that a market cannot be beaten, because it incorporates all the important determination information into current share prices.
There are three versions of an efficient market hypothesis:
1. strong form efficient: This version states that all information - both information available to the public, and those not publicly known - is completely accounted for in stock prices, and there is no information type that can give an investor an advantage in the stock market.
2. semi-strong efficient: This version believes that only information readily available to the public can be used to factor prices and that changes in prices to new equilibrium levels are a product of this public information.
3. weak form efficient: This version assumes that current stock prices reflect all security market information. It contends that past price and volume data have no relationship to the direction or level of security prices. It concludes that excess returns cannot be achieved using technical analysis.
