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Brilliant_brown [7]
3 years ago
6

Andrew is offered a job in Little Rock, where the CPI is 80, and a job in New York, where the CPI is 125. Andrew's job offer in

Little Rock is for $42,000. How much does the New York job have to pay in order for the two salaries to represent about the same purchasing power?
Business
1 answer:
RSB [31]3 years ago
7 0

Answer:

The job in New York should offer $65,625.

Explanation:

Andrew is offered a job in Little Rock, where the CPI is 80, and a job in New York, where the CPI is 125.  

Andrew's job offer in Little Rock is $42,000.  

To represent the same purchasing power salary in New York should be

= \frac{CPI\ in\ New\ York}{CPI\ in\ Little\ Rock}\ \times\ Salary\ in\ Little\ Rock

= \frac{125}{80}\ \times\ \$ 42,000

= $65,625

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In 2003, Congress passed a substantial cut in income taxes. The Federal Reserve also substantially lowered interest rates. How c
s344n2d4d5 [400]

Answer:

D. The tax cut can be categorized as fiscal policy and the lowering of interest rates can be categorized as monetary policy.

Explanation:

Fiscal policy is when the government uses either taxes or government spending to influence the economy.

Contractionary fiscal policy is when the government increases taxes or reduces spending.

Expansionary fiscal policy is when the government decreases taxes or increases spending.

Monetary policy are policies enacted by central bank of a country to control money supply or interest rest.

Contractionary monetary policy is reducing money supply or increasing interest rates.

Expansionary monetary policy is increasing money supply or decreasing interest rate.

I hope my answer helps you.

8 0
3 years ago
Which type of listening takes place when the listener tries to discern the deeper meaning of a speaker’s words?
Tems11 [23]

C.)intuitive listening takes place when the listener tries to discern the deeper meaning of a speaker’s words.

A.)Active

B.)efficient

Explanation:

Intuitive listening means that the person who is listening is trying to understand as well as imbibe what the other is saying to a deeper level.

This involves actively thinking about what the other person is saying and then critically discerning what it really means above the meaning of its own words.

Then the person who is listening reaches to the 'deeper' meaning or the essence of what the other person is trying to say.

This is the process that is involved in intuitive listening.

8 0
4 years ago
Read 2 more answers
Boise Timber Co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixe
JulsSmile [24]

Answer:

285,000 units

Explanation:

The computation of the cash break-even point of sales units is shown below:

Cash break-even point = (Fixed cost - depreciation) ÷ (contribution margin per unit)

where,

Fixed cost = $7,600,000

Depreciation = $7,600,000 × 0.25% = $1,900,000

And, the contribution margin per unit is $20

So, the cash break-even point of sales units is

= ($7,600,000 - $1,900,000) ÷ ($20)

= 285,000 units

8 0
3 years ago
[The following information applies to the questions displayed below The following financial statements and additional informatio
Andrej [43]

Answer:

ffyygghjj......................

7 0
2 years ago
Trout farming is a perfectly competitive industry and all trout farms have the same cost curves.
Diano4ka-milaya [45]

Answer:

(i) The farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units

(ii)  The farm cannot cover its revenue using its total variable cost, therefore the farm will shut down

(iii)  The two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200)

Explanation:

(i)According to given data,  When output is 200 but price is $20, this price is equal to ATC, so the farm breaks even. But since this price is higher than AVC of $15, the farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units.

(ii) When output is 200 but price is $12, this price is equal to ATC, so the farm makes economic loss. Also, this price is lower than AVC of $15, so the farm cannot cover its revenue using its total variable cost, therefore the farm will shut down.

(iii) The farm's supply curve is the portion of its Marginal cost (MC) curve above the minimum point of AVC. Since price equals MC, the two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200).

4 0
3 years ago
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