Unemployment willl cause the production possibilities to shift inwards, so I the answer would be option A.
During massive unemployment period, production possibilities will heavily decrease due to the lower amount of capital and the lower amount of consumers for that potential product (which happen because the consumers lose a lot of its purchasing power). This situation will cause the curve to move inwards.
Answer:
The correct answer is option B.
Explanation:
In a perfect competition firms are price takers and have only normal profits. On the contrary, a monopoly firm are price makers and can have positive profits.
The consumer surplus gets reduced in monopoly and the producer surplus is greater. The profits in the monopoly firm shows the transfer of surplus of benefits from consumers to the producer.
So, option B is the correct answer.
Answer:
Ordinary loss $15,000
Ordinary gain $6,000
Explanation:
Ordinary loss = $45,000-$30,000
= $15,000
Ordinary gain =$158,000-$152,000
= $6,000
Therefore the tax result to Cassie for this transaction is Ordinary loss of $15,000 and Ordinary gain of $6,000.
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Answer:
$380,900
Explanation:
We know that
Cost of goods sold = Opening inventory + Purchase - ending inventory
where,
The cost of goods sold is $349,700
Since the inventory is increased the difference between the opening and ending inventory would be $25,000
So, the purchase amount would be
= $349,700 + $25,000
= $374,700
And,
The cash payment to supplier = Beginning Account payable + Purchase - Ending account payable
Since the account payable is decreased the difference between the opening and ending inventory would be $6,200
So, the cash payment would be
= $6,200 + $374,700
= $380,900