Answer: False. The General price level will only increase. It will not decrease at any cost of having cost pull inflation and the demand full inflation.
Explanation:
For every production of the single unit, the expenses incurred on the wages and the cost incurred on using raw materials are prominently considered. The rate of demand has an inverse relationship with the increase in the cost of production. Then the price level of the products increases with the effects of Cost-push inflation.
Secondly, The rate of the demand for particular products increases beyond the equilibrium level when the output rate remains below the capacity to meet the requirements of the consumers' demand. In one particular stage, Demand-full inflation takes place which utmost leads to an increase in the price level and acts as a cause for Demand-full inflation.
Answer:
The maximum contribution is $3,850
Explanation:
The contribution eliminate isn't pertinent if the single citizen under age 50 doesn't take an interest in the business supported arrangement and most extreme measure of $5,500 can be asserted for charge year 2019.
As Williams takes an interest in the business supported arrangement and he is under age 50, the IRA contribution will eliminate for money above $63,000 up to $73,000.The most extreme breaking point is $5,500
.
Compute the contribution as follows:
[($66,000 - $63,000) / ($73,000 - $63,000
)] × 100 = 30%,
Thus, 30% contribution will phase out and 70% of maximum limit is allowed. Therefore, maximum contribution is $5,500 x 70%, i.e. $3,850.
Answer:
fails to achieve the minimum average total costs attainable at each level of output.
Explanation:
X Inefficiency do take place in a firm when there is little or no incentive in controlling costs. As a result of this average cost of production will go up than necessary. And as a result of lack of incentives, technically, the firm will be far from efficient. It should be noted that X-inefficiency could be described as a situation in which a firm fails to achieve the minimum average total costs attainable at each level of output.
Answer:
$1,943.06
Explanation:
Monthly mortgage payment: $6.6 X $229 = $1,511.4
Monthly property taxes: $1,550/12 = $129.16
Monthly property insurance: $630/12 =$52.5
Monthly association fee: $250
Total monthly housing payment: $1,943.06
