1. Sugar
2.Agricultural products.
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Answer:
A firm would shut down if its Current Price P < AVC (Current Price is less than the Average Variable Cost)
Thus, the condition for not shutting down of a firm is P > AVC (Current price is greater than the Average Variable Cost)
When AVC is less than $24, the firm will choose not to shut down because it is covering its variable costs at the current price
Answer:
First blank - Debit
Second blank - Accumulated Depreciation
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<span>if you are an employee who is not working on a commission basis, then most likely, you are working as a salary based employee. Your salary would usually be based on your going rate or your market value to the employers. Based on your caliber, the employers will decide what your salary would be. For example, if you are a fresh grad, you will start with an entry level salary while if you are a manager, you will obviously be receiving a higher salary.</span>
Answer:
e. consumer spending will increase.
Explanation:
If Congress decides to increase defense spending but does not increase taxes to cover the deficit spending, we can expect that consumer spending will increase because, unless in the event that the increase will be funded by borrowing from the private sector which will cause a crowding out effect, The increased spending by congress (government) will create a multiplier effect by causing job creation for the unemployed, which will imply that people will have more income to spend leading to rise in aggregate demand or consumer spending.
Furthermore, the fact that there will be no increase in taxes implies that consumers will have a higher disposable income for consumption purposes leading to a rise in consumer spending
