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3 years ago

If supply-side policies succeed, less output is produced at every price level.

Business

2 answers:

mamaluj [8]3 years ago

6 0

Answer:

IT is False

Explanation:

supply-side policies are policies made by the Government to increase/ boost productivity of goods and services if these policies succeed aggregate supply will increase and there will be a higher return in economic growth of the Nation going forward. example of these kind of policy is Government spending in the production of Agricultural products to increase the supply of Agricultural products in the market hence quenching the ever increasing demand of Man for food and other Agricultural produce. therefore the statement that :

if supply-side policies succeed, less output is produced at every price level is FALSE

Anton [14]3 years ago

3 0

Answer:

False

Explanation:

If supply-side policies succeed then more production is reach in the market.

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2. How has Taobao created economic opportunities for Chinese entrepreneurs that were inaccessible to them before?

cupoosta [38]

Answer: It created a platform for small business owners to open online stores to meet the needs of consumers in Chinese speaking areas within and outside China.

Explanation: Taobao with over one billion listings,is owned and founded by Alibaba( a Chinese entrepreneur) in the year2003. Taobao is a market place for consumers of Products,it helps to create Opportunity for Businesses to market their products and services,this platform has helped to build the Chinese Economy empowering people and helping to improve creativity, It also helped Chinese entrepreneur to be accessible to the world over.

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3 years ago

Identify whether each statement in the following table best illustrates the concept of consumers’ surplus, producers’ surplus, o

Blizzard [7]

Answer:

1. Neither ; 2. Consumer Surplus ; 3. Producer Surplus

Explanation:

Consumer Surplus is the difference between a good's price paid by consumer, & maximum price the consumer is willing to pay for the good.

Producer Surplus is the difference between a good's price received by a seller, & minimum price at which the seller is willing to sell the good.

1. Willing to pay $209 for watch, buyer willing to sell at $196, no trade as price ceiling at $190 : It illustrates neither concept as transaction has not actually occurred, so no price established.

2. Willing to pay $39 for sweater, purchased it for $32 : It illustrates 'Consumer Surplus' case = $7 , as it shows difference between maximum willingness to pay by buyer ($39) & the actual buy price ($32)

3. Willing to sell laptop at $190, sold it at $199 : It illustrates 'Producer Surplus' case = $9 , as it shows difference between minimum willingness to sell price ($190) & actual sale price ($199)

5 0

3 years ago

Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b

padilas [110]

Answer

Financial advantage from further processing $31

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.

Also note that all cost incurred up to the split-off point (the cost of crushing) are irrelevant to the decision to process further .

$

Sales revenue after the split off point( 64+64) 128

Sales revenue at the split-off point (16+47) 63

Additional sales revenue 65

Further processing cost ( 15+19) (34 )

Net income after further processing 31

Financial advantage from further processing $31

4 0

3 years ago

Read 2 more answers

Wood County Hospital consumes 1,000 boxes of bandages per week. The price of bandages is $35 per box, and the hospital operates

jarptica [38.1K]

Answer:

= $367.34

Explanation:

Economic order quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding costs are equal to the ordering costs.

EOQ = (2× Co× D)/Ch

Total relevant cost of inventory = ordering cost + Holding cost

Step 1

Total cost of inventory under EOQ

EOQ for Wood County

EOQ = 2√(2× 15 × 1000× 52)/(15%× 35)

= 545.10 units

ordering cost =( (1000× 52)/ 545.10 ) × 15 = 1,430.90

Holding cost = ( 545.10/ 2) × 15% × 35 =1,430.90

Total cost =1430.90 + 1430.90= $2,861.81

Step 2

Total cost of inventory using order size of 900 boxes

ordering cost =( (1000× 52)/900 ) × 15 = 866.66

Holding cost = (900/ 2) × 15% × 35 = 2,362.5

Total cost = 866.66 + 2,362.5 = $3,229.16

Step 3

Calculate in savings in total costs

Savings = Difference in total inventory cost of EOQ order size and 900 boxes order size :

=$3,229.16-$2,861.81

= $367.34

Savings = $367.34

3 0

2 years ago

It is efficient to continue an activity as long as the marginal benefit exceeds the marginal cost.

alina1380 [7]

Answer: True

Explanation:

8 0

1 year ago

Read 2 more answers