If an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing structural stagnation.
<h3>What is structural stagnation?</h3>
This stagnation is attached to economies that are matured and it occurs when growth rate do the economy decreases rather than increasing.
The population may be decreasing and yet the country is experiencing stagnation.
Therefore, If an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing structural stagnation.
Learn more on stagnation below,
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Answer:
b. make fewer than 20 wedding cakes per month.
Explanation
Laura sells 20 wedding cakes per month.
Her monthly total revenue is $5,000.
Marginal Revenue = $5000 / 20 cakes = $250
The marginal cost of making a wedding cake is $300.
<em>In order to maximize profits, Laura should make fewer than 20 wedding cakes per month. </em>
<em>The reason is that Laura's marginal cost is higher than her marginal revenue implying that she is spending more on each item than she is gaining. </em>
<em>By reducing one unit of output she will be gaining more revenue.</em>
<em>
Profit Maximization Rule Definition states that if a firm chooses to maximize its profits, it must choose that level of output where Marginal Cost (MC) is equal to Marginal Revenue (MR) and the Marginal Cost curve is rising. i.e. it must produce at a level where MC = MR.
</em>
<em>Hence Laura has to make fewer cakes</em>
Answer:
Production budget for First quarter= 16,500 units
Explanation:
<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>
Production = Sales volume + closing inventory - opening inventory
Closing inventory = 20% × second quarter sales
= 20% × 20,000 = 4,000 units
<em />
<em>Production budget for the first quarter</em>
=17,000 + 4000 -4500
= 16,500 units
Answer:
Possible options are:
A. The equilibrium price is $5.00
B. The equilibrium, quantity is 100 units
C. There is an excess supply of 75 units at $5.00
D. There is an excess demand of 75 units at $5.00
Answer: C. There is an excess supply of 75 units at $5.00
Explanation:
The slope of the demand curve (downward to the right) indicates that a greater quantity will be demanded when the price is lower. On the other hand, the slope of the supply curve (upward to the right) tells us that as the price goes up, producers are willing to produce more goods.
In this situation, If the consumers' willingness to pay for the hundredth unit and the seller's willingness to accept for the 175th unit are both $5.00, then it means there is an excess supply of 75 units at $5.00
Answer:
$18
Explanation:
Based on the information given above under the FINRA 5% Policy a fair and reasonable mark-down is based upon the price of $18 reason been that we were been ask about how much price will the mark-down price be based in a situation where the customer SELLS 100 shares to the dealer which means that mark-down will be computed from the inside bid price of the amount of $18.
