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Misha Larkins [42]
2 years ago
5

Prior to 2005, it seemed like house prices always rose and never fell. When the demand for housing increases, prices in the hous

ing market rise but not always by very much. For prices to rise substantially, the supply of housing must be relatively inelastic. That is, if the quantity supplied increases rapidly whenever house prices rise, price increases will remain small. Many have suggested government polices to increase the elasticity of supply. What specific policies might hold prices down when demand increases? Explain.
Business
1 answer:
omeli [17]2 years ago
6 0

Answer:

To hold home prices down, we need to increase elasticity of supply.An inelastic supply is one that cant change quickly to adapt to market changes. An elastic supply in housing means there are house to spare when market demand increases. In an attempt to create an elastic supply in housing, increase spare capacity can be worked on. Reduction in Tax rate for developers and shortening permit processes for building new homes would definitely create additional housing for purchase. To increase elasticity, we must supporting inventories of raw materials. The Lumber and concrete suppliers can be ensure to receive concessions to encourage them to supply additional raw materials.

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Coworkers Yvonne and Rodney are trying to finish cleaning the store by washing dishes and sweeping the floors. To finish both ta
Lynna [10]

Answer: True- The comparative advantage in the dish washing

Explanation:

Yes, the given statement is true that both the coworkers that is Rodney and Yvonne determining the comparative advantages in the store by washing all the dishes.

The comparative advantages is one of the term that is used to refers to the economical ability that helps in providing the various types of products and also reflecting the overall production opportunity in terms of cost.

Accordion to the given scenario, we use the comparative advantages for determining the person for washing the dishes from both the co-workers.

Therefore, The given answer is correct.

3 0
3 years ago
In an enterprise resource planning (ERP) system, the _____ component provides information on production costs and pricing.
posledela

Answer: manufacturing

Explanation:

In an enterprise resource planning (ERP) system, the manufacturing component provides information on production costs and pricing.

Enterprise Resource Planning is the gathering and organization of business data by using an integrated software suite.

It should be noted that ERP software typically contains applications that helps in automating certain business functions such as sales quoting, production, accounting etc

5 0
3 years ago
g: Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement
madam [21]

Answer:

Total contribution margin= $59,800

Explanation:

Giving the following information:

Unitary selling price= 155,400 / 4,200= $37

Unitary variable cost= 100,800 / 4,200= $24

<u>To calculate the total contribution margin, we need to use the following formula:</u>

Total contribution margin= units sold*(selling price - unitary variable cost)

Total contribution margin= 4,600*(37 - 24)

Total contribution margin= $59,800

6 0
2 years ago
Davis Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The follo
evablogger [386]

Answer:

$1,800

Explanation:

Calculation to determine the variable overhead efficiency variance

Using this formula

VOH Efficiency Variance = Budgeted VOH based on Actual - Budgeted VOH/Standard Qty

Let plug in the formula

VOH Efficiency Variance = ((16,000 * $1.80/hr) - ((5,000 * 3.00hrs/unit * $1.80/hr))

VOH Efficiency Variance = $(28,800.00 - $27,000.00)

VOH Efficiency Variance = $1.800

Therefore Using the four-variance approach, what is the variable overhead efficiency variance will be $1,800

8 0
2 years ago
The chart shows a sample paycheck stub. The chart shows that federal and state taxes are added to employee pay. Withheld from em
skelet666 [1.2K]

Answer:

Withheld from employee pay.

Explanation:

Your paycheck stub should show the following withholdings:

1) The Federal Insurance Contributions Act (FICA) taxes include:

  • Social security tax rate for employees is 6.2% (for all income up to $132,900)
  • Medicare tax rate for employees is 1.45% (for all income up to $200,000, above that an extra 0.9% is collected)

2) Federal income taxes (depends on income bracket)

3) State income taxes (depends on state taxes and income brackets, not all states collect them)

4) any other local or city taxes

6 0
3 years ago
Read 2 more answers
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