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Tema [17]
3 years ago
13

The economy is in short-run equilibrium when __________. a. aggregate demand intersects short-run aggregate supply. b. short-run

aggregate supply intersects long-run aggregate supply. c. aggregate demand intersects long-run aggregate supply. d. aggregate demand intersects both long-run and short-run aggregate supply. e. the economy is at full-employment output.
Business
1 answer:
s2008m [1.1K]3 years ago
5 0

Answer:

A. aggregate demand intersects short-run aggregate supply

Explanation:

Short run occurs when the amount a firm wishes to supply is equal to the amount demanded from the consumers. It is the area on the graph where the aggregate demand curve intersect with the short run supply curve.

Or, simply put, when the aggregate output supplied is equal to the aggregate output demanded. The equilibrium is made up of equilibrium prices and quantity.

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A subsidiary sells inventory to its parent at a markup of 30% on cost. in 2019, the parent paid $650,000 for merchandise receive
viva [34]

Answer:

Please see attachment

Explanation:

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4 0
3 years ago
Diaz Company reports the following variable costing income statement for its single product. This company’s sales totaled 55,000
kirill [66]

Answer:

Sales                               3,575,000

Variable Manufacturing   1,567,500

Fixed Manufacturing      <u>    247,500</u>

COGS:                               1,815,000

gross profit                       1,760,000

Variable S&A expense      302,500

Fixed S&A expense     <u>        191,250  </u>

Net Income                      1,266,250‬

Explanation:

Absorption cost will consider unit cost only the manufacturing department cost the rest are period cost.

We solve for the fixed overhead per unit using produced units:

Fixed overhead $382,500 / 85,000 = 4.5

Then we add it to the variable cost of 28.5 and get a unit cost of $33

Wer multiply by the 55,000 units to get COGS

the rest will be period cost.

7 0
3 years ago
Read 2 more answers
Joss is a marketing consultant Iris and Daphne are potential customers interested in commissioning Joss to undertake a market su
Norma-Jean [14]

Answer:

(C) Joss should charge Iris $500 and Daphne $800, that way economic surplus is maximized.

Explanation:

Assuming information asymmetries in the market, and Iris and Daphne are incapable of compare their willingness to pay against the average price of the market for this type of service, C is true since Joss maximize the economic surplus by increasing his productivity using the time better than his opportunity cost.

8 0
3 years ago
Garrett Company provided the following information:
Shalnov [3]

Answer:

Correct option is C

<u>Overall operating income will decrease by $25,000.</u>

Explanation:

Sales ratio = Sales of product 1 : Sales of product 2 = 200,000:300,000 = 2:3

Sum of sales ratio = 2+3 = 5

Common fixed cost:

Product 1 = 2/5×46,000 = $18,400

Product 2 = 3/5×46,000 = $27,600

Total net operating income = Net operating income of product 1 + Net operating income of product 2 = 46,600+(2,600) = 46,600-2,600 = $44,000

Now, comparing with the total net operating income of both the product ($44,000) with only product 1 ($19,000); overall operating income decreases by $25,000 (44,000-19,000)

8 0
3 years ago
Which is the primary source of revenue for the federal government
soldier1979 [14.2K]

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.

8 0
3 years ago
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