Which statement best describes tobacco?

Other things equal, an improvement in productivity will a. shift the aggregate demand curve to the left. b. shift the aggregate

LenaWriter [7]

Based on economic theory, other things being equal, a productivity improvement will "<u>shift the aggregate supply curve to the right</u>."

This is because a shift in the aggregate supply curve to the right means an increase in the quantity supply.

Usually, when the shift in the aggregate supply curve moves to the right, the result effects that usually occurs include the following:

Lower inflation rate,
Higher production rate,
Decrease in the unemployment rate.

Hence, in this case, it is concluded that that the correct answer is option C. "<u>shift the aggregate supply curve to the right</u>."

Learn more here: brainly.com/question/7593823

4 0

2 years ago

Misty Company reported the following before-tax items during the current year: Sales revenue $ 1,200 Selling and administrative

DaniilM [7]

Answer:

$420

Explanation:

The computation of the net income for the current year is shown below:

Sales revenue $1,200

Less: Selling and administrative expense -$620

Less: Restructuring charges -$20

Less: Income tax expense at 25% - $140

Net income $420

7 0

3 years ago

Suppose Jacques and Kyoko are playing a game in which both must simultaneously choose the action Left or Right. The payoff matri

ddd [48]

Answer: 1. Jacques picks Right

2. Jacques picks Right and Kyoko picks Right.

Explanation:

Hello.

I wasn't quite clear on your question so I added an attachment with the full question.

1. The only dominant strategy in this game is for ____Jacques____ to choose ___Right____.

The Dominant strategy for a player is that strategy that will result in the highest payoff independent of the actions of the other player.

If Jacques plays Right, they will have more or equal payouts but never less than Left regardless of what Kyoko does. Therefore choosing Right is Jacques's Dominant strategy.

2. The outcome reflecting the unique Nash equilibrium in this game is as follows: Jacques chooses___Right_______and Kyoko chooses ____Right_____.

Jacques will go with their dominant strategy of picking Right. This will make Kyoto pick the alternative of Right that results in the higher payoff. They make a payoff of 8 if they pick Right as well so that is what they will do.

If you need any clarification do comment. Cheers.

7 0

3 years ago

Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, Decembe

zalisa [80]

Based on the accounting equation, the amount for each case can be independently determined as follows:

a. The Penny Lyman, capital, as of December 31, 20Y1, is <u>$494,000.</u>

b. If assets increased by $88,000 and liabilities increased by $27,000, the Penny Layman, capital, as of December 31, 20Y2, is <u>$555,000</u>.

c. If assets decreased by $151,000 and liabilities increased by $13,000, the Penny Layman, capital, as of December 31, 20Y2, is <u>$330,000</u>.

d. If assets increased by $152,000 and liabilities decreased by $16,000 during 20Y2, the Penny Layman, capital, as of December 31, 20Y2, is <u>$672,000</u>.

e. Assuming that as of December 31, 20Y2, assets were $782,000, liabilities were $196,000, and there were no additional investments or withdrawals, and the capital remained $494,000 of 20Y1, then the net income or (loss) for 20Y2 is <u>$92,000</u> ($782,000 - $196,000 - $494,000)

<h3>Data and Calculations:</h3>

Assets at December 31, 20Y1 =$659,000

Liabilities = $165,000

Capital = Assets - Liabilities

= $494,000 ($659,000 - $165,000)

Assets = $747,000 ($659,000 + $88,000)

Liabilities = $192,000 ($165,000 + $27,000)

Capital = $555,000 ($747,000 - $192,000)

<h3>Question C:</h3>

Assets = $508,000 ($659,000 - $151,000)

Liabilities = $178,000 ($165,000 + $13,000)

Capital = $330,000 ($508,000 - $178,000)

<h3>Question d:</h3>

Assets = $821,000 ($659,000 + $162,000)

Liabilities = $149,000 ($165,000 - $16,000)

Capital = $672,000 ($821,000 - $149,000)

<h3>Question Completion:</h3>

a. Penny Lyman, capital, as of December 31, 20Y1. $

b. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $88,000 and liabilities increased by $27,000 during 20Y2. $

c. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets decreased by $151,000 and liabilities increased by $13,000 during 20Y2. $

d. Penny Lyman, capital, as of December 31, 20Y2, assuming that assets increased by $152,000 and liabilities decreased by $16,000 during 20Y2.

e. Net income (or net loss) during 20Y2, assuming that as of December 31, 20Y2, assets were $782,000, liabilities were $196,000, and there were no additional investments or withdrawals.

Learn more about the accounting equation here: brainly.com/question/24401217

3 0

2 years ago

Economic profits are:a.less than accounting profits if implicit costs are greater than zero.b.less than accounting profits even

Lady bird [3.3K]

Answer:

option (a) is correct.

Explanation:

Economic profits refers to the profits which comes out after deducting the implicit costs and explicit costs from the total revenue.

Whereas the accounting profits takes into the effect of explicit costs only.

Implicit cost refers to the loss of money income by choosing some other alternative. It is also known as the opportunity cost.

Explicit costs refers to the costs that are incurred for operating or running a business.

Accounting profit = Total revenue - Explicit costs

Economic profit = Total revenue - Explicit costs - Implicit costs

Therefore, if the implicit costs are greater than zero then the economic profits is less than the accounting profits.

5 0

2 years ago