Answer:
Increases; Ambiguous effect on equilibrium quantity
Explanation:
This situation states that the supply of hotel rooms decreases and the demand for hotel rooms increases due to the hurricane, so this change will shift both the supply curve and the demand curve in the hotel rooms market.
This will shift the supply curve leftwards and demand curve rightwards, therefore as a result, there is an increase in the equilibrium prices and the effect of this change on the equilibrium quantity is ambiguous because that will be dependent upon the magnitude of the shifts of demand and supply curve.
Answer:
REAL GDP
Explanation:
GDP typically used as a variable to measure a nation's economic strength within a certain time period. But often time, the value of GDP is a little bit jaded. If the inflation is high, an increase in GDP doesn't really mean that the country become more productive.
This is why there are many experts prefers to use REAL GDP as a more accurate unit to measure the economic strength.
Answer:
True
Explanation:
Economic stimulus refers to change in monetary or fiscal policies by the Federal Reserve with growth as an objective. One of the ways of implementing economic stimulus is lowering of interest rates by the Fed.
Lowering of interest rates by the Fed would have an effect on loans availed by the public. The quantity of loanable funds shall increase which would lead to lowering of interest rates charged by the banks.
In the given case, Nick stands to gain in the sense he can avail car loan at a lower rate of interest than currently offered, if he waits for Fed to implement it's new policies.
Thus, the given statement is true.
Answer:
A. Use the Print option for two-sided printing.
I'd choose A, although I don't really understand what option D means..
Answer: The answer is as follows:
Explanation:
Given that,
Raw material = $7.60/unit
Direct labor = $10.60/unit
Manufacturing overhead = $8.60/unit
(1) Unit cost under variable costing = Raw material + Direct labor + variable Manufacturing overhead
= 7.6 + 10.6 + 8.6
= 26.8
(2) Unit cost under absorption costing = Raw material + Direct labor + variable Manufacturing overhead + fixed Manufacturing overhead
= 7.6 + 10.6 + 8.6 + 8.6
= 35.4
