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Kipish [7]
3 years ago
15

The marginal propensity to consume is 0.75 and the economy is operating at full-employment real GDP at $510 billion. If a $20 bi

llion personal consumption increase is matched by an equal increase in personal taxes, long-run real GDP will
Business
2 answers:
KiRa [710]3 years ago
6 0

Answer:

Long run real GDP will remain unchanged.

Explanation:

The increase in personal taxes (-$20 billion) would offset any increase in real GDP generated by the increase in private consumption ($20 billion). Nominal GDP can be affected and increase by $20 billion, but the effect would be given by an increase in general price level (inflation), not by an increase in real money.

Andreyy893 years ago
6 0

Answer:

<em>woiejjiikr</em>

<em><u>ididjkr</u></em>

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  1. <em><u>if</u></em>
  2. <em><u>ididd</u></em>
  3. <em><u>wo</u></em><em><u> I</u></em><em><u> am</u></em><em><u> not</u></em><em><u> able</u></em><em><u> to</u></em><em><u> do</u></em><em><u> we</u></em>
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A shoe manufacturer sells high-end designer shoes to wholesalers who, in turn, sell a variety of shoes and other leather accesso
natulia [17]

Answer: B. Indirect channel

Explanation: The channel of distribution is defined as a network of organizations that connect the producer/manufacturer of goods and services with the end-users or consumers of those goods or services. By employing the services of wholesalers and retailers, the shoe manufacturer is using the indirect channel of distribution, specifically the two-level channel (Manufacturer to Wholesaler to Retailer to Customer). Also known as selling to intermediaries, it involves wholesalers buying the bulk of goods from the manufacturers, then selling to retailers (after breaking them down into small packages) who eventually sell it to the end customers.

8 0
3 years ago
Why are high seas fisheries classified as common pool resources? Select one: a. It is possible to exclude a person from the high
frez [133]

Answer:

Letter D is correct!

Explanation:

The letter D is correct because deep sea fishing is a resource that thousands of people have access to and even depend on for their survival. What fits this activity as a commonly owned resource 1, which are natural or artificial activities where the ability to exclude users is not remote. This becomes a problem as there are no resource constraints for each user, ie in the case of deep sea fishing, when a user fishes a fish, it is not available for the other to fish, which would lead to conflicts between management of such activities, so it is necessary to classify as a private activity and then allocate policies to adapt better management to all users.

7 0
3 years ago
Contestants on the game show wheel of fortune are given labels to assist them solving the puzzles. these labels activate _______
V125BC [204]

These labels activate top-down processing. Game shows cause our brains to use top-down processing because we are reffering to information we have learned previously when triggered by sensory systems. When we process information it flows down from our brain and becomes apparent when our senses are peaked.

8 0
3 years ago
Suppose the demand for good X is given by Qd x = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and i
tekilochka [14]

Answer:

Option D.

Explanation:

The demand function for good X is

Q_x^d=10-2P_X+P_Y+M

where, P_X is price of good X, P_Y is price of good Y and M is income.

It is given that the price of good X is $1, the price of good Y is $10, and income is $100.

Substitute P_X=1, P_Y=10 and M = 100 in the given function.

Q_x^d=10-2(1)+(10)+(100)

Q_x^d=10-2+110

Q_x^d=118

None of the statements associated with this question are correct.

Therefore, the correct option is D.

3 0
3 years ago
Rey Company’s single product sells at a price of $216 per unit. Data for its single product for its first year of operations fol
erastovalidia [21]

Answer:

1. Using Absorption Costing

Income Statement

Sales    20,000 X $216                             = $4,320,000

Less: Cost of Goods Sold (Note 1)            =($1,240,000)

Gross Margin                                             = $3,080,000

Less: Operating Expenses

Selling and Administrative Expense         = ($560,000)

(Note 2)                                                        

Net Income                                                  = $2,520,000

Note:

  1. Cost of goods Sold = All the direct variable cost + direct fixed cost = Direct materials + Direct Labor + Direct Overhead = $20 +$28 + $6 = $54 per unit, Total = $54 X 20,000 units = $1,080,000 + Fixed cost = $160,000 = $1,240,000
  2. Selling And Administrative Expense = Variable + Fixed, Variable = $18 X 20,000 units = $360,000, Fixed Expenses = $200,000, Total = $560,000

2. Using Variable Statement

Sales    20,000 X $216                             = $4,320,000

Less: Variable Costs

Direct Material $20 X 20,000                    = ($400,000)

Direct Labor  $28 X 20,000                       = ($560,000)

Variable Overhead $6 X 20,000               = ($120,000)

Variable Selling Expense $18 X 20,000    = ($360,000)

Contribution Margin                                     = $2,880,000

Less: Fixed Costs

Fixed Overhead                                            = ($160,000)

Fixed Selling & Administrative                     = ($200,000)

Net Income                                                    = $2,520,000

Note: Under Variable Statement first variable expenses are deducted to get the value of contribution, and then fixed expenses are deducted to get net income, whereas in absorption costing firstly manufacturing expenses are deducted to get gross margin and then operating expenses like selling and administrative expenses are deducted to get the net income.

But Net income is same in both cases.

5 0
3 years ago
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