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Answer:
Concurrent powers are powers enjoyed by both the state and federal government. These powers may be exercised simultaneously, in the same area, and among the same group of citizens. For instance, residents of most states are required to pay both federal and state taxes.
Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.
The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.
In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.
The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.
Usually, the level of prices and total supply have a positive connection.
Demand growth or decline has the biggest impact on short-term changes in aggregate supply.
New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.
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Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Joint products A and B emerge from common processing that costs $108,000 and yields 3,200 units of Product A and 2,000 units of Product B. Product A can be sold for $200 per unit. Product B can be sold for $160 per unit.
Total sale= 1,040,000
Product A= 640,000/1,040,000= 0.61
Product B= 0.39
Cost allocated
Product A= 0.61*108,000= 65,880
Product B= 0.39*108,000= 42,120
Answer:
C. the euro has gained strength against the dollar.
Explanation:
If Blake gives up more U.S. dollars in exchange for less euros every time, this means that the exchange rate is increasing. The exchange rate is the price of a currency in exchange for another. So, if the price is increasing that means that euro is getting stronger than dollars, which is contrary to affirmation A and B, but is affirmation C. This could be because the demand for euro is stronger than the demand for dollars, which is contrary to affirmation D.