Answer:
Short run aggregate supply curve is flat ( A )
Explanation:
The special case of the AS-AD following the IS-LM is that the short run aggregate supply curve is flat
This is because in an AS-AD model the price level is constant and AD represents an equilibrium point along IS-LM model, hence the price been constant, shows that in short run aggregate supply curve will be flat.
Answer:
Amount to be used to value inventory = $22
Explanation:
Inventories are generally valued at lower of cost or market value.
In that, cost is considered:
Net Realizable Value = Selling price less any cost = $30 - $5 = $25
Cost = $22
Since the Net Realizable Value is more than cost, replacement cost will not be considered.
Where NRV is less than cost, then replacement value is considered.
Here, Therefore inventory will be recorded as $22 at cost.
Answer:
$4,380
Explanation:
The computation of the interest expense recorded in the first year is shown below:
= Issued price of the bond × market interest rate ÷ semi annual period
= $73,000 × 12% ÷ 2
= $73,000 × 6%
= $4,380
Hence, the interest expense would be recorded when the interest payment is made is $4,380
We simply applied the above formula
Answer: Utility value
Explanation: In simple words, utility value refers to the level of satisfaction an individual gets when he or she chooses one alternative over the other. It is the usefulness of a particular commodity for a particular consumer.
In the given case, Laura decided to pursue law instead of medicine because she liked it more, that is, she thinks that she will get more satisfaction from law rather than medicine.
Hence we can conclude that the key factor was utility cost.
Answer:
Expectancy theory
Explanation:
Expectancy theory states that when an individual is faced with different choices they will be motivated in a certain way in choosing a particular option based on what they expect to be the result of the choice.
So behaviour is affected by perceived result or consequence of a particular choice.
In the given scenario Joyce works hard and puts in many extra hours, and getting a promotion is most important to Joyce.
So because of her expectations that manager must recognise that:
(1) she is putting in hard work and long hours to obtain a promotion,
(2) what motivates Joyce will change over time (if she does not get the promotion), and
(3) he must clearly show Joyce how to attain the desirable reward.