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zheka24 [161]
3 years ago
5

Critical analysis Q8 Complete the following statement. An unexpected increase in the price level will temporarily output and emp

loyment, whereas an unexpected decrease in the price level will output and employment.
Business
1 answer:
tester [92]3 years ago
6 0

Answer: INCREASE; DECREASE

Explanation:An unexpected increase in the price of goods and services will cause a temporary output and employment,this is so because producers will respond to the rise in price by increasing the amount of goods and services supplied to the market,this will lead to a rise in employment.

An unexpected decrease in price level will lead to a decrease in the output by producers and employment will drop accordingly. This tries to show how price determines change in supply and employment.

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Michelle works in an appliance store. She has a goal to sell a combination of six refrigerators, stoves or dishwashers so she ca
kotykmax [81]
The ‘SMART’ technique a tool for effective goal setting. The acronym SMART stands for Specific, Measurable, Attainable, Realistic, and Time-bound, all of which are requisites for goals. The goal “to sell a combination of six refrigerators, stoves or dishwashers to earn a bonus” is specific, measurable, attainable and realistic because Michelle has done this before. Yet the goal is not time-bound. The length of time it is required to meet is not specified in the goal. 
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3 years ago
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It has been argued that as a result of not producing the quantity of output where unit cost is minimized, the monopolistic compe
Leto [7]

Answer:

The correct answer is: high; little.

Explanation:

In monopolistic competition, a firm produces at the level of output where the marginal revenue is equal to marginal cost. The firm is able to maximize its profit at this point.  

However, the socially optimal level of output is where the price is equal to marginal cost. This level of output is greater than the profit-maximizing level of output and charges a lower price.  

But since the firm is a price maker, it produces at the point where MR equals MC. At this point, the price is higher and the output produced is smaller. This creates a deadweight loss in the market.

5 0
3 years ago
3. A fine-dining restaurant has been making every- thing from scratch for the five years it has been open; it is the only operat
Mandarinka [93]

Answer:

No

Explanation:

The premade products could have been contaminated with any type of disease because she doesn't know what went inside whereas making it from scratch means she is able to monitor and remove and contaminated product.

:)

7 0
3 years ago
Determine whether each of the following transactions contributes to the calculation of GDP as total spending, then, identify the
scoray [572]

Answer:

Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.

  • Not included in the GDP since tires are a component of new cars, they are not a final product.

American consumers import $3.5 billion of woven apparel from Bangladesh.

  • Included in the GDP as imports, which reduce total net exports (NX).

The U.S. government spent $523.1 billion on national defense.

  • Included in the GDP as government spending (G).

Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.

  • Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.
8 0
3 years ago
The word valet comes from the French term for "caretaker."<br><br> true<br> false
mezya [45]
I would say true, considering the French term valet was used in the late 15th century when they referred to a footman acting as an attendant to a horseman, which evolved into a man's personal male attendant, responsible for his clothes and appearance, which could also be a caretaker.
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