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crimeas [40]
3 years ago
10

12. The equation: quantity of output supplied = natural rate of output + a(actual price level - expected price level), where a i

s a positive number, represents a. an upward-sloping short-run aggregate supply curve b. a vertical short-run aggregate supply curve c. a downward-sloping aggregate demand curve d. None of the above is correct.
Business
1 answer:
PtichkaEL [24]3 years ago
7 0

Answer:a. an upward-sloping short-run aggregate supply curve

Explanation:

variable a represent an upward sloping short run aggregate supply curve.

The slope of the supply curve is positive which tells us that the quantity supplied has a positive relationship with Price.When price increases the quantity supplied will increase because the law of supply states that more quantity is supplied at a higher price

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If Good C increases in price by 50 % a pound, and this causes the quantity demanded for Good D to increase by 60 % , what is the
sergiy2304 [10]

Answer:

1.2

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good D to changes in price of good C.

Cross price elasticity = percentage change in quantity demanded of good D / percentage change in price of good C = 60% / 50% = 1.2

I hope my answer helps you

3 0
3 years ago
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Y
nordsb [41]

Answer:

The payback period of the investment is 6.5 years

Explanation:

1. In order to calculate the payback period of the investment we would have to make the following calculation:

payback period of the investment=Year before full recovery+(Unrecovered cost at the  start/cash flow during the year )

payback period of the investment=6+  ($23,000−$20,500) /$5,000

payback period of the investment=6.5 Years

The payback period of the investment is 6.5 years

​

5 0
3 years ago
Osage Corporation issued 2,000 shares of stock. Instructions Prepare the entry for the issuance under the following assumptions.
Artyom0805 [142]

Answer:

The journal entries will as under the explanation below.

Explanation:

(a) The stock had a par value of $5 per share and was issued for a total of $52,000.

<u>Account Name                                          Dr ($)                 Cr ($)   </u>

Cash                                                        52,000

Common stock (2,000 * 5)                                              10,000

Paid in capital in excess of per value                             42,000

<em><u>(To record common stock issued in excess of par value.)            </u></em>

(b) The stock had a stated value of $5 per share and was issued for a total of $52,000.

<u>Account Name                                             Dr ($)              Cr ($)   </u>

Cash                                                            52,000

Common stock (2,000 * 5)                                                10,000

Paid in capital in excess of stated value                          42,000

<em><u>(To record common stock issued in excess of stated value.)            </u></em>

Note: The stated value is used for internal accounting purpose when there is no par value for the stock.

(c) The stock had no par or stated value and was issued for a total of $52,000.

<u>Account Name                                    Dr ($)              Cr ($)            </u>

Cash                                                   52,000

Common stock                                                         52,000

<em><u>(To record common stock issued that had no par or stated value.)  </u></em>

Note: When stock had no par or stated value, the total proceeds from the issue becomes the legal capital.

(d) The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000.

<u>Account Name                                       Dr ($)                 Cr ($)                </u>

Attorney service expenses                   52,000

Common stock (2,000 * 5)                                              10,000

Paid in capital in excess of per value                            42,000

<em><u>(To record common stock issued to attorneys for services at a premium.) </u></em>

(e) The stock had a par value of $5 per share and was issued for land worth $52,000.

<u>Account Name                                        Dr ($)                 Cr ($)       </u>

Land (Fair value)                                     52,000

Common stock (2,000 * 5)                                              10,000

Paid in capital in excess of per value                            42,000

<em><u>(To record common stock issued for land at a premium.)                  </u></em>

6 0
3 years ago
The physical work effort by an employee at work is called a:.
RUDIKE [14]
The physical work effort by an employee at work is called physical labor
4 0
2 years ago
Chester has negotiated a new labor contract for the next round that will affect the cost for their product Camp. Labor costs wil
PolarNik [594]

Complete Question:

Chester has been selling widgets for $10, total variable costs are $4.40 and fixed costs are $100,000.

Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cid. Labor costs will go from $2.79 to $3.39 per unit. Assume all period and other variable costs remain the same.

If Chester were to absorb the new labor costs without passing them on in the form of higher prices, how many units of product Cid would need to be sold next round to break even on the product?

Answer:

Chester

Break-even point = Fixed costs/Contribution margin per unit

= $100,000 / $5

= 20,000 units

Explanation:

a) Data and Calculations:

Selling price = $10

Old variable cost = $4.40

Additional variable cost = $0.60

New variable costs = $5 ($4.40 + $0.60)

Contribution per unit = Selling price minus variable cost per unit

= $5 ($10 - $5)

Fixed costs = $100,000

b) Chester's Break-even point (in units) is the number of units of a product  Camp that Chester requires to sell in order to recover her fixed costs.  The information provided by break-even analysis guides Chester in making decisions for the production of Camps and its marketing.  Without identifying the units of Camp to be produced and sold in order to remain in business, all things being equal, Chester might short-produce or short-sell Camps and run the business unprofitably.

5 0
3 years ago
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