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mrs_skeptik [129]
3 years ago
10

Suppose an economy is initially operating at long-run equilibrium when there is an increase in consumer optimism about the econo

my. Everything else held constant, the immediate impact of this shock will be a(n) ______ in the aggregate price level, a(n) ______ in real GDP.

Business
1 answer:
sladkih [1.3K]3 years ago
6 0

Answer:

The correct option is Increase and Decrease respectively

Explanation:

You might be interested in
Select the TWO examples that would NOT qualify as coordination problems: Select one or more: a. Watching your favorite TV show o
Yuliya22 [10]

Answer:

I believe it's...

A) Watching your favorite TV show on a Saturday evening.

and

F) Free riding on a group project.

Explanation:

Coordination problems are problems that result in multiple outcomes, so the one facing the problem(s) must act carefully.

5 0
3 years ago
Ted was just promoted to a managerial position and feels that he needs to buy a new luxury car and join the country club in orde
katrin [286]

The behavior that is being shown by Ted above is social influences. This happens to an individual if he or she is likely to be affected by others in a way of the opinions that they share, their behavior or the emotions that display towards them.

4 0
3 years ago
True Blue Corporation provided the data set forth above from its activity-based costing system.
Sidana [21]

Answer:

Unitary cost= $765.38

Explanation:

Giving the following information:

The company makes 430 units of product D28K a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year.

The product's direct materials cost is $35.82 per unit and its direct labor cost is $29.56 per unit.

Unitary cost= direct material + direct labor + allocated overhead

<u>We don't have enough information to allocate overhead. </u>

<u>Assuming the overhead gets allocated based on machine hours, I will invent an overhead rate and cost to allocate.</u>

Estimated overhead= 300,000

Machine hours= 690

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/690= $434.78 per machine hour

<u>A unit uses:</u>

690/430= 1.61 machine hours

Unitary cost= direct material + direct labor + allocated overhead

Unitary cost= 35.82 + 29.56 + (1.61*434.78)= $765.38

8 0
3 years ago
Bachmann Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the f
DaniilM [7]

Answer:

Time needed to complete the 4th unit = 57.80 hours

Explanation:

<u><em>The learning curve theory</em></u><em> states that as the cumulative output doubles the cumulative average time taken till date is reduced to a certain percentage of the previous time. This percentage is called learning rate</em>

Total time = Average time × cumulative number of units

The cumulative average time is determined using the formula below:

Y= aX^b

a - time taken for the first unit produced

b = log LR/Log 2

X- cumulative units till date

Y - cumulative average time taken for X units

LR- Learning rate

LR = 68/80 = 0.85 = 85%

<em>Time needed to complete the 4th unit</em>

= Learning rate × time take for the 2 unit

= 85% × 68

= 57.80 hours

Time needed to complete the 4th unit = 57.80 hours

8 0
3 years ago
Which of these are functions of an entrepreneur?
lorasvet [3.4K]

Answer:

both

Explanation:

an entrepreneur primarily does the first, but the second is true because taxes are collected on materials which are sold.

3 0
3 years ago
Read 2 more answers
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