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fomenos
3 years ago
15

Empirical estimates show that for men ____________________________. a) the income effect is greater than the substitution effect

b) the income and substitution effects are both large so that wage changes have no effect on hours c) the substitution effect is greater than the income effect d) the income and substitution effects are both small so that wage changes have no effect on hours
Business
1 answer:
disa [49]3 years ago
4 0

Answer:

a)- the income effect is greater than the subsitutuion effect

Explanation:

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The price of imported oil rises. If the government wanted to stabilize output, which of the following could it do?
Ber [7]

Answer:

b. increase government expenditures or decrease the money supply  

<em>Explanation:</em>

<em>If the government wanted to stabilize output, there are a couple of levers they could pull. These are fiscal policies and monetary policies, fiscal policy, is all about changing how much we spend, if government has more money to spend, they can better negotiate and also decide how money is spent to a degree. So, the theory is if the government spends more, that would increase total output. The second lever to pull is messing with the money supply, monetary policy, If maybe there's more money out there, lower interest rates, it might increase output however because we are dealing with the price of imported oil decreasing the money supply would be the move to make because by decreasing the money supply we can make our currency more valuable, it's important to remember that the price of imported oil would not be affected by domestic monetary policies. If the money supply were increased our currency would devalue which would be counterproductive because a weaker currency means we pay more for imports. </em>

6 0
3 years ago
Read 2 more answers
St. Claire Manufacturing expects to produce and sell 6,000 units of Big, its only product, for $20 each. Direct material cost is
Taya2010 [7]

Answer:

According to generally accepted accounting principles, inventoriable cost per unit of Big would be $17.00

Explanation:

Absorption Costing method is suitable for external reporting purposes and thus preferred in reporting According to the generally accepted accounting principles (GAAP)

Absorption Costing Includes Both Fixed and Variable <em>Manufacturing Overheads</em> in Product Costings Calculations

<u>Calculation of Inventory  Cost per Unit According to Absorption Costing:</u>

Direct material                                                                       2.00

Direct labor                                                                            8.00

Variable Manufacturing Overhead                                       3.00

Fixed Manufacturing Overhead ($24,000/6,000)              4.00

Inventory Cost per Unit                                                        17.00

5 0
3 years ago
Joe decided to quit his computer-programming job (where he was earning $48,000 per year) to start his own software business. For
Mrrafil [7]

Answer:

b. −1,002.5

Explanation:

economic profit = accounting profit - opportunity costs

  • accounting profit = revenue - maintenance and insurance = $96,000 - $30,240 = $65,760
  • opportunity costs = the lost salary as a computer programmer + money he could earn by selling the land lot and investing = $48,000 + ($395,000 x 4.75%) = $66,762.50

economic annual profit = $65,760 - $66,762.50 = -$1,002.50

7 0
4 years ago
Wilma needed to fill a position that had been open for several weeks. she knew what her perfect candidate would be like but so f
s2008m [1.1K]
The decision making method that Wilma uses is the bounded rationality. It is a type of decision making with only a short time they acquire in deciding up decisions in which Wilma has been doing in the scenario above. This type of decision making also allows a person to decide with only the few decisions that couldn't suffice them. This decision making is being portrayed in the given scenario above.
7 0
4 years ago
Teknosa, a multinational technology company sells computers, peripherals, and software overseas. The corporation separates its c
Morgarella [4.7K]

Answer:

The correct answer is the second option: Product Structure.

Explanation:

To begin with, the name of "Product Structure" in the field of management refers to a type of structure used by the companies who need to organize the way they work according to that specific model. This method of inside organization consists in the separation of the areas of the company according to the type of product that each department sells. Therefore that the company Teknosa that sells three different products decides to organize its structure by those products in order to acquire unique characterization in each product that has its own departments.  

7 0
3 years ago
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