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4 years ago

An increase in the expected price level shifts short-run aggregate supply to the

1 answer:

4 0

Answer: An increase in the expected price level shifts short-run aggregate supply to the D. Left, and an increase in the actual price level does not shift short-run aggregate supply.

Explanation: Aggregate supply is the total supply of goods and services that are available in a given market. The producers have production levels match a specific amount of items and then disperse them to the market. As prices change, then quantity supplied and purchased fluctuates accordingly.

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Kearney Company, operating at full capacity, sold 400,000 units at a price of $246.60 per unit during 20Y5. Its income statement

Ghella [55]

Answer:

Total fixed costs = $16,860,000

Total variable costs = $38,640,000

Explanation:

The computation of Total fixed cost and total variable cost is shown below:-

Total fixed costs = Cost of goods sold + Selling expense + Administrative expense

= (28% × $44,500,000) + (25% × $8,000,000) + (80% × $3,000,000)

= $12,460,000 + $2,000,000 + $2,400,000

= $16,860,000

Total variable costs = Cost of goods sold + Selling expense + Administrative expense

= (72% × $44,500,000) + (75% × $8,000,000) + (20% × $3,000,000)

= $32,040,000 + $6,000,000 + $600,000

= $38,640,000

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3 years ago

Ace Hauling, Inc., has been transporting industrial tailings for companies around the Minneapolis/St. Paul area for the past dec

natulia [17]

Answer: The correct answer is "b. Ace has done nothing to change its CERCLA liability."

Explanation: CERCLA is the Comprehensive Environmental Response, Compensation and Responsibility Act and was designed to promote cleaning, maintenance and protection of the environment against hazardous waste.

Those responsible for releasing dangerous substances are identified to take care of their cleaning through the superfunds, therefore by creating the new corporation and transferring the assets: Ace has done nothing to change its CERCLA liability.

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4 years ago

Why can driving on rural roads can be even more dangerous than on city streets?

qwelly [4]

The correct answer is "letter c<span>.These are often narrow, two-lane roads with no physical barrier separating oncoming traffic."

In rural provinces or places, there are less developments done in their roads, since the people living in rural areas, they seldom use cars. Which is why roads are less developed, which is why driving on rural roads are considered to be dangerous and the driver should always be cautious with his or her surroundings, because the rural road are different from the urban ones.</span>

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4 years ago

Milton friedman argued that consumers are more likely to alter their behavior based on.

Bess [88]

The Right Response is Option C which is Long Term Changes in the Economy.

<h3><u>Why Did Friedman Argued So?</u></h3>

The concept of monetarism, which refers to the management of money in the economy, was developed by Milton Friedman. According to Friedman, changes in the money supply can have both long- and short-term consequences.

Friedman suggested that long-term changes in the economy had an impact on consumer behavior. Long-term economic developments have an impact on how consumers behave while making purchases. For instance, if long-term economic trends are favorable, consumer spending will rise; otherwise, it would fall.

Therefore, "long-term changes in the economy" is the right response.

To learn more about Long Term Changes in the Economy. Click the links.

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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on

a) changes in the unemployment rate.

b) short-term changes in the economy.

c) long-term changes in the economy.

d) changes in the inflation rate.

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2 years ago

Consider a simple example economy where there are two goods, coconuts and restaurant meals (coconut-based). There are two firms.

tekilochka [14]

A) Product Approach

GDP = Value added of all industries

Value added = revenue - intermediate costs

Value added coconut producer = $20,000,000 (it does not have intermediate costs)

Value added restaurant = $30,000,000 - $12,000,000 (cost of coconuts)

= $18,000,000

Value added government = $5,500,000 (collected in taxes, $3 million from the restaurant, $1.5 million from the coconut producer, and $1 million from consumers).

GDP = $20,000,000 + $18,000,000 + $5,500,000

= $43,000,000

B) Expenditure Approach

GDP = Consumption + Investment + Government Spending + Net Exports

Consumption = $8,000,000 in coconuts + $30,000,000 in meals

= $38,000,000

Investment = $0

Government Spending = $5,500,000 in government wages

Net Exports = $0 (it is a closed-economy)

GDP = $38,000,000 + $0 + $5,500,000 + $0

= $43,500,000

C) Income Approach

Wages = $14,500,000

Corporate Profits = $24,000,000

Interest income = $500,000

Taxes = $4,500,000

GDP = $43,500,000

e. How does this new piece of information affect your calculations in the expenditure approach? Explain.

GDP under the expenditure approach, would rise by the value of the unsold coconuts ($1 million) as long as the coconuts were harvested in the given year. This is because inventory produced in the given year, is part of that year's GDP.

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4 years ago