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bekas [8.4K]
3 years ago
6

5) If workers demand and receive higher real wages (a successful wage push), the cost of production ________ and the short-run a

ggregate supply curve shifts ________. A) rises; rightward B) falls; rightward C) rises; leftward D) falls; leftward
Business
1 answer:
luda_lava [24]3 years ago
6 0

Answer:

The answer is C.

Explanation:

If workers demand and receive higher real wages the cost of production will rise. This is because workers(labor) is an input of production. The wages is the reward for the direct labor for work done. So increase in wages lead to an increase cost of production.

Due to this, the short-run aggregate supply curve shifts leftward i.e reduces the market supply because producers will produce less at a high cost of production and produce more at a lower cost of production.

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Recently, the level of gdp has declined by $60 billion in an economy where the marginal propensity to consume is 0.75. aggregate
Paha777 [63]

Answer:

a. $45 billion.

Explanation:

The aggregate expenditures must have fallen by = 0.75*$65 billion

                                                                                   = $45 billion

Therefore, The aggregate expenditures must have fallen by $45 billion.

8 0
3 years ago
If the Mayor of Little Rock, Arkansas is also a director of a Little Rock municipal securities dealer, which of the following st
riadik2000 [5.3K]

Answer: B. I and IV

Explanation:

A CONTROL RELATIONSHIP is defined as a situation where an issuer is controlled by the DEALER, or the Dealer is controlled by the Issuer, or there common control between the Issuer and Dealer of the security. As Mayor of Little Rock and also the Director of the Municipal Dealer, there is definitely a CONTROL relationship going on.

The Municipal Securities Rulemaking Board (MSRB) requires that when a control relationship exists between a municipal securities dealer and the issuer whose bonds are recommended by that dealer, the nature of the relationship must be DISCLOSED to the customer.

Hence option B is correct.

4 0
3 years ago
Match the task with professionals who would complete them
kozerog [31]
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6 0
3 years ago
Read 2 more answers
The big problem with average-cost pricing is that:A. fixed costs are hard to estimate.
zavuch27 [327]

Answer:

B. it ignores the firm's demand curve.

Explanation:

A: With the help of average cost pricing, the fixed cost can quickly estimate. Therefore, it cannot be the answer.

C: The average cost must consider the effect of variable cost. Therefore, it is also the wrong statement.

D: It is easy to estimate profit if there is an average cost pricing.

B: average-cost pricing always ignores the demand curve because it is a "U" shaped curve. Because after a certain level of product selling, the average cost is increasing. On the other hand, demand curve is such that if the price decreases, the quantity demanded increases. Therefore, it is a downward slopping curve. Hence, it is understood that, average-cost pricing ignores demand curve.

6 0
3 years ago
Company X purchased Company Y using financing as follows: $18 million from mortgages, $3 million from retained earnings, $13 mil
ASHA 777 [7]

Answer:

The debt to equity mix = 74.65% - 25.35%

Explanation:

The computation of the debt to equity mix is shown below:

Debt is

= Mortgages + Bond

= $18 + $35

= $53 million

And, the Equity is

= Retained earnings + Cash in hand

= $5 + $13

= $18 million

Now

Percentage of debt financing

= $53 ÷  ($53 + $18)

= 74.65%

And, percentage of equity financing is

= $18 ÷ ($53 + $18)

= 25.35%

And, finally

The debt to equity mix = 74.65% - 25.35%

3 0
3 years ago
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