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Dahasolnce [82]
3 years ago
7

During 2010, Congress debated the advisability of retaining some or all of the tax cuts signed into law by former President Geor

ge W. Bush in 2001 and 2003 and set to expire at the end of 2010. By reducing tax rates across the board, take-home pay for all taxpaying workers would increase. The purpose, in part, was to encourage work and increase the supply of labor. Households would respond the way the president hoped, but only if income effects were stronger than substitution effects. -The law of diminishing marginal utility states ____
Business
1 answer:
Zolol [24]3 years ago
6 0

Answer and explanation:

The law of Diminishing Marginal Utility states that the more you consume a good or use a service, the less satisfied you will be with each successive use or consumption. It is an important concept in determining consumer preferences. It assumes consumers are rational and will spend money in a way that maximizes contentment with each subsequent unit without negatively affecting their total enjoyment.

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Oerther Corporation reports that at an activity level of 5,000 units, its total variable cost is $131,750 and its total fixed co
maw [93]

Answer:

$6.00

Explanation:

Calculation for Oerther Corporation average fixed cost per unit assuming that the level of activity is within the relevant range

Calculation for fixed cost per unit

Average Fixed cost per unit = Total fixed cost/Unit

Where :

Total fixed cost = 31,200

Unit =5,200

Hence:

Average Fixed cost per unit= 31,200/5,200

Average Fixed cost per unit= $6.00

Therefore Assuming that the level of activity is within the relevant range the Average Fixed cost per unit would be $6.00

8 0
3 years ago
Miriam owns a small shop selling custom headbands and accessories. Last month, she sold 335 headbands for $10 each. According to
aliya0001 [1]

Answer:

correct answer A. 415

<em />

<em>Multiples choices for the question :  a. 415  b. 300. c. 290 d. 335</em>

Explanation:

The law of demand explains the relationship between the price of a product and the quantity demanded.  According to the law, there is an indirect relationship between quantity demanded and price. Should the price increase or decrease, the quantity demanded moves in the opposite direction.

If Miriam reduces the price of headbands, their demand should increase. A low price results in increased demand while a high price reduces demand.  From the choices available, option A is higher than the current sales of 335.  The reduced price will increase demand, pushing the sales higher.

3 0
3 years ago
Which of the following is included in the M-2 definition of the money supply but NOT in the M-1 definition?
Komok [63]

The option included in the M2 definition of money supply and not in the M1 definition is money market mutual fund shares.

<h3>What is M2?</h3>

M2 definition of money supply that includes cash, checking deposits, and near money. M2 is a broader measure of the money supply  when compared with M1. It also less liquid than M1. M1 includes includes cash and checking deposits.

Here are the options:

a. Checkable deposits.

b. Currency held in banks.

c. Currency in circulation.

d. Money market mutual fund shares.

To learn more about M2, please check: brainly.com/question/13784664

#SPJ1

3 0
2 years ago
Which of the following is not properly classified as property, plant, and equipment? a. Land used in ordinary business operation
Vilka [71]

Answer:

b. A truck held for resale by an automobile dealership

Explanation:

Property plant and equipment are physical or tangible assets used by an organization in the ordinary course of business. They include Land and building used in ordinary business operations, plant and machinery used in production, Land improvements, such as parking lots and fences etc. Such assets are usually depreciated as they are used and in accordance with the organization's policy. However, assets held for sale are not used by the organization in the ordinary course of business rather, the company holds them till such assets are sold.  No depreciation is computed on the assets held for sale. Hence, from the options given, a truck held for resale by an automobile dealership is the only item held for sale and does not qualify for recognition as property plant and equipment. The right answer is b.

7 0
3 years ago
The 3 types of partnerships are general partnership, unlimited partnership and unlimited liability partnership. Please select th
Rufina [12.5K]
True, Because The 3 Types Of The Partnerships Are General Partnerships, Because They Are Unlimited Partnership Because Of The Liability Partnership.
6 0
3 years ago
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