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3 years ago

Cost-push inflation is a situation in which the:

Business

1 answer:

Irina18 [472]3 years ago

6 0

Answer: b. short-run aggregate supply curve shifts leftward.

Explanation:

Cost Push Inflation occurs when the Aggregate Supply of Goods and Services DECREASES because of an increase in Production costs.

Companies can no longer keep producing at the previous levels they could have because the price of inputs have gone up and they are already at full capacity.

To maintain profit margins they will reduce production to cut costs.

This reduces the supply in the Market and forces the Supply curve left which leads to a higher equilibrium price all else being equal.

In the graph I attached below, you can see how the Short Run aggregate supply curve shifted to the left and took prices up as Demand remained constant.

If you need any clarification do react or comment.

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Stephen Hemmerling was a driver for the Happy Cab Co. Hemmerling paid certain fixed expenses and abided by a variety of rules re

KIM [24]

Answer and Explanation:

The court can hold that Hemmerling is an employee of the Happy Cab Co. in several cases:

1) The standard operating procedures followed by Hemmerling that is stated by Happy Cab Co. such as abiding by variety of rules, the hours he could work and solicitation of fares.

2) Hemmerling also paid fixed expenses and the car provided by the cab company suggest that he works for the company just like any other employer employee relationship.

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3 years ago

On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry

Thepotemich [5.8K]

Answer:

Journal entry

Explanation:

The journal entry is as follows

Cash $1,323

Service charge expense ($1,350 × 2%) $27

To Sales Revenue $1,350

(Being the cash is recorded)

for recording this transaction we debited the cash and expenses as it increase both balances while at the same time the sales revenue is also increased so it is credited

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3 years ago

Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of $75 per day. if the market wage is n

ryzh [129]

Given:
marginal factor cost of 75 per day after hiring 2nd worker.
market wage is now 62.50 per day for both workers.

62.50 x 2 workers = 125
125 - 75 marginal factor cost = 50

The first employee earns 50 per day when she worked alone.

5 0

3 years ago

True or false? the internal revenue code forbids nonprofit hospitals to make a profit.

andrew11 [14]

That is FALSE

hope i helped

7 0

2 years ago

Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $589,

alekssr [168]

Answer:

Challenger Factory

The total factory overhead that Challenger Factory will allocate to regular widget production if budgeted production is 75,000 units and actual production for the period is 127,500 units would be:

= $795,600.

Explanation:

a) Data and Calculations:

Total budgeted factory overhead = $589,600

Total estimated direct labor hours = 376,800

Overhead rate = $589,600/376,800 = $1.56

Direct labor hours per unit of widget = 4 hours

Budgeted production of regular widgets for the period = 75,000 units

Total direct labor hours for the period = 75,000 * 4 = 300,000 hours

Actual production of regular widgets for the period = 127,500

Total direct labor hours for regular widgets = 510,000 (127,500 *4)

Total factory overhead that Challenger Factory will allocate to regular widget production if budgeted production is 75,000 units and actual production for the period is 127,500 units would be:

= 510,000 * $1.56 = $795,600

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2 years ago