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3 years ago

Demand-pull inflation:_____

Business

1 answer:

Len [333]3 years ago

8 0

Answer:

b) occurs when total spending exceeds the economy's ability to provide output at the existing price level.

Explanation:

Demand-pull inflation, as the name implies, is inflation that is caused by excess demand. It occurs when the aggregate supply of the economy cannot keep up with aggregate demand, leaving people's needs for goods and services not fully satisfied.

This causes inflation because now more people are trying to buy the same amount of goods and services.

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There is often only one major league baseball team in a city. What is the consequence of this in terms of ticket prices? a. Tick

Papessa [141]

Answer:

b. Ticket prices will be higher because each team is a monopoly in the city.

Explanation:

A monopoly is when there is only one firm operating in an industry. Monopoly usually have market power. They have the ability to set market prices. They usually earn economic profit in the long and short run.

Monopolies are not faced with any competition because they are the only firms operating in an industry.

Because there are usually only one major league in each town, the teams are monopolies, they have the ability to set high prices and do not face competition.

I hope my answer helps you

8 0

4 years ago

g A speculator buys a call option for $3, with an exercise price of $50. The stock is currently priced at $49, and rises to $55

azamat

Answer:

$53

Explanation:

Call option is $3

Exercise price is $50

The stock is currently priced at $49

It rises to $55 on the expiration date

Therefore the cost price at which the speculator will break even can be calculated as follows

= ($50-$3)+($55-$49)

= $47 + $6

= $53

8 0

3 years ago

Mad Hatter Enterprises purchased new equipment for $373,000, terms f.o.b. shipping point. Other costs connected with the purchas

Wewaii [24]

Answer: $332,540

Explanation: find attached my solution in the document below.

NB : note that the Insurance after equipment placed in service and Insurance for the first year of operations was not added because these are to be termed expenses to be deducted in the P & L account.

6 0

3 years ago

Softy, Inc. manufactures teddy bears and dolls. Currently, Softy makes 2,000 teddy bears each month. Each teddy bear uses $2.00

Black_prince [1.1K]

Answer:

$8.00

Explanation:

The computation of total manufacturing cost for one teddy bear is shown below:-

50% of sewing cost $15,000 = $7,500

35% of processing cost $10,000 = $3,500

Total cost assigned to teddy bear = $7,500 + $3,500

= $11,000

Direct material = $2

Direct labor = $0.50

Overhead per unit = Total cost assigned to teddy bear ÷ Each months teddy bears manufactured

= $11,000 ÷ 2,000

= $5.50

Total cost per unit = Direct Material + Direct Labor + Overhead per unit

= $2 + $0.50 + $5.50

= $8.00

8 0

3 years ago

Raw materials inventory, beginning$1,200 Raw materials inventory, ending1,400 Work in process inventory, beginning7,100 Work in

Tanzania [10]

Answer:

76,800

Explanation:

Given that,

Raw materials inventory, beginning = $1,200

Raw materials inventory, ending = 1,400

Work in process inventory, beginning = 7,100

Work in process inventory, ending = 6,800

Raw materials acquired = 27,800

Cost of direct materials used in production = 27,600

Sales commissions to sell clackers = 2,100

Direct labor cost = 20,000

Total manufacturing overhead = 28,900

Cost of goods manufactured is determined the overall value of goods produced during a particular year and it is ready for sale. It includes all of the expenses that are incurred to convert the inventory in process into finished goods.

Cost of goods manufactured in June:

= Cost of direct material used in production + Direct Labor cost + Manufacturing Overhead + (Beginning work in process - Ending work in process Ending)

= 27,600 + 20,000 + 28,900 + (7,100 - 6,800)

= 76,800

8 0

4 years ago