Answer:
When it shifts inwards, it indicates that the economy is shrinking due to a failure in its allocation of resources and optimal production capability. A shrinking economy could be a result of a decrease in supplies or a deficiency in technology.
Explanation:
Lisa changes her filing status on last years tax return, and her standard deduction went up. Which of these could have been the change she made? "Single" to "head of household". Due to Lisa becoming head of household, she is able to claim her family as a deduction.
In this case, Wanda can calculate the revenue for her Employee Appreciation Day event by using this formula:
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revenue = [(number of employees of the company) + (½ x number of employee of the company)] x event price
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x = [(638) + (319)] x 2
- x = 952 x 2
- x = $1,914
Thus, Wanda’s expected revenue is $1,914, assuming that half of the employees are married and will be attending the Employee Appreciation Day alongside their spouse.
