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3 years ago

In the mainstream view, the economic instability brought about by "oil shocks" works through changes in:

1 answer:

6 0

In the mainstream view, the economic instability brought about by "oil shocks" works through changes in: Aggregate supply
The aggregate supply refers to the total amount of products that a country is planning to sell During a specific time period in order to obtain as much profit as possible.

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A monopolist maximizes profits by:

klemol [59]

Answer:

c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)

Explanation:

Profit is maximised at MR= MC and price is greater than MC for monopoly.

6 0

3 years ago

If a family spends its entire budget in a given time frame, the family can afford either 80 cans of beans or 35 frozen pizzas. A

Fofino [41]

Answer:

7/16

Explanation:

Opportunity cost is the cost of the alternative forgone. It is also called the real cost. It is a concept in economics developed due to the fact that wants are unlimited but the resources available to meet the wants are limited. Hence a scale of preference would be drawn up for the wants in order of importance.

If the family can afford either 80 cans of beans or 35 frozen pizzas, the cost of a can of beans in terms of frozen pizza is 35/80 frozen pizza while the cost of a unit of frozen pizza in terms of beans is 80/35.

As such, the opportunity cost of one can of beans in terms of frozen pizza is 35/80 which is 7/16 in the lowest term

6 0

3 years ago

5. A firm currently produces its desired level of output. Its marginal product of labor is 400, its marginal product of capital

gizmo_the_mogwai [7]

Answer:

Explanation:

Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal.

7 0

3 years ago

Testing the probability of a relationship between variables occurring by chance alone if there really was no difference in the p

12345 [234]

Answer:

b.significance testing is answer.

Explanation:

I hope it's helpful!

7 0

3 years ago

You are provided with the following information for Sandhill Co., effective as of its April 30, 2022, year-end.

Ray Of Light [21]

Answer:

SANDHILL CO.

Income Statement

For the Year Ended April 30, 2022

Revenues

Sales revenue $6,200

Expenses

Cost of Goods Sold $1,000

Depreciation expense $315

Income tax expense $175

Insurance expense $360

Interest expense $460

Salaries & Wages expenses $850

Total Expenses $3,160

Net Income $3,040

SANDHILL CO.

Retained Earnings Statement

For the Year Ended April 30, 2022

Retained Earnings, May 1, 2021 $1,700

Add: Net Income $3,040 $4,740

Less: Dividends $310

Retained Earnings, April 30, 2022 $4,430

7 0

3 years ago