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Vesnalui [34]
3 years ago
13

A firm doubles the quantity of all resources it employs and, as a result, output doubles. Which of the following is correct?

Business
1 answer:
Nuetrik [128]3 years ago
6 0

Answer:

The long-run average total cost curve is flat

Explanation:

When the quantity of all the resources is doubled and, as a result, output doubles then the firm experiences constant returns to scale.

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Dmitri recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from
Lelechka [254]

Answer:

B. FALSE

Explanation:

This economy is currently at its natural rate of unemployment because there is <u>no cyclical unemployment</u>

In macroeconomics, <u>full employment is the level of employment rates where there is no cyclical or deficient-demand unemployment. </u>

<u>The economy is considered to be at full employment when the actual unemployment rate is equal to the natural rate</u>.

Hence, it is false to allege that the economy in the given scenario is not currently at its natural rate of unemployment

7 0
3 years ago
After decreasing Nominal &amp; Real GDP, the Federal Reserve will_______.
FinnZ [79.3K]
<span>After decreasing Nominal & Real GDP, the Federal Reserve will engage in Contractionary Monetary Policy. The answer is letter B. IF the Federal Reserve increases the amount of monetary growth, the economic theory shows that it will decrease in the short run but will increase eventually in the long run from their initial value.</span>
4 0
3 years ago
Sarkis is a sales manager for the bratney companies, a company that manufactures equipment used in the processing of grains and
pentagon [3]
The decision is made under the condition of Uncertainty, Because T<span>he goal is clear, but there is no clear solution to the problem
The condition of uncertainty occurs when the managers are required to take a certain decision which outcome couldn't be predicted by the Organization.
To handle this type of situation, the managers must willing to take the chance of failure that could damage the organization while providing the organization to advance at the same time.</span>
6 0
3 years ago
GDP is the market value of: A. Resources (land, labor, capita, and entrepreneurship) in an economy in a given year B. All final
frutty [35]

Answer:

B) All final goods and services produced in an economy in a given year

Explanation:

That's the definition of GDP, gross domestic product. By virtue of the name, it's the total product (output) of a given economy. It's measured through the values of all final goods and services, so as to not count the same good or service twice.

3 0
3 years ago
Turner Company owns 10% of the outstanding stock of ICA Company. During the current year, ICA paid a $5 million cash dividend on
lozanna [386]

Answer:

Turnover Company

The net income of Turnover will increase by $500,000.

Explanation:

a) Data and Calculations:

Turner Company's shareholding in ICA = 10%

ICA pays dividend totalling $5 million

Turner's share of dividend = $500,000 ($5 million * 10%)

b) This is not based on equity accounting.  Instead, the investment will be reported at fair value.  Equity accounting method will be applied in recording Turner's investments in ICA Company, if the ownership interest is valued at 20–50% of the stock.

c) The $500,000 dividends received from ICA Company will be reported in the Income Statement of Turner Company as other income, unless Turner ordinarily buys and sells stocks.  The 10% shareholding does not amount to significant control or influence for the accounts of Turner and ICA to be consolidated.

6 0
3 years ago
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