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3 years ago

During a severe recession Congress passes legislation to cut taxes, this would be an example of a(n): g

Business

1 answer:

Doss [256]3 years ago

5 0

Answer:

expansionary fiscal policy.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.

Hence, if during a severe recession, Congress passes legislation to cut taxes, this would be an example of an expansionary fiscal policy.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

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The total cost (in dollars) of manufacturing x auto body frames is C(x)=60,000+400x. (A) Find the average cost per unit if 20

Nesterboy [21]

Answer:

a) Average price per unit = 700

b) average marginal cost = -1.5 dollars/frame

c) For 201 frames are produced = $698.5

Explanation:

Given Data:

C(x) = 60000 + 400x

a) Average cost for 200 units:

Total Cost of 200 units will be:

C(200) = 60000 + 400(200)

C(200) = 140,000

Total Cost of 200 units = 140,000

Average price per unit = Total Cost / number of units

Average price per unit = 140,000/200

Average price per unit = 700

b) Marginal Average Cost:

We know that marginal cost = $C^{'}$ (x)

And the average marginal cost = $\frac{d}{dx}$ $\frac{C(x)}{x}$

So,

= the derivative of ( $\frac{60,000 + 400(x)}{x}$ )

= the derivative of ( $\frac{(60,000)}{x} + 400$ )

= $\frac{-60,000}{x^{2} }$ + 0

So,

average marginal cost = $\frac{-60,000}{x^{2} }$

at x = 200 units

average marginal cost = $\frac{-60,000}{200^{2} }$

average marginal cost = -1.5 dollars/frame

c) Average cost per frame if 201 frames are produced:

We already seen in the part b that, the average marginal cost is decreasing by 1.5 dollars /frame. So,

if 201 frames are produced the instead of 200 then the difference is of 1 frame and we discussed that average marginal cost of 1 frame is decreasing at 1.5 dollars per frame.

So,

As we know the average cost from part a = 700 dollars.

Therefore, for 201 item = 700 dollars -1.5 dollars

For 201 frames are produced = $698.5

5 0

3 years ago

Explique la teoría del valor y de un ejemplo con algún bien o servicio de su uso cotidiano. (colombia)

emmasim [6.3K]

Answer:

En economía, se habla de teorías del valor para indicar el conjunto de concepciones sobre la génesis y determinación del valor, como propiedad de las mercancías distinta del costo y lógicamente antecedente al precio, que constituye su manifestación fenomenal en esta perspectiva.

La economía política siempre ha tratado de responder a la pregunta: ¿de dónde viene el valor? Las respuestas fueron muy divergentes. Van desde la escasez de bienes disponibles, a su utilidad, a la necesidad de remunerar los factores productivos, incluido el capital y considerando su remuneración; - el beneficio - como recompensa por la abstinencia del capitalista, que puede permitirse renunciar al consumo para utilizar la propia riqueza de forma productiva, etc.

6 0

3 years ago

If managers are not owners of their company, then they are ________.

madam [21]

It is called an agent. They are the person who concurs and is approved to follow up for another, a central, to legitimately tie a person specifically business exchanges with outsiders as per an organization relationship.
The agent is the gathering who is lawfully approved to follow up for the primary in the key's business exchange. The specialist owes the primary a guardian obligation. This implies the specialist is committed to act to the greatest advantage of the main. The central owes the operator a few obligations too.

4 0

2 years ago

What is the amount of production overhead allocated to the assembling unit cost pool?

Diano4ka-milaya [45]

$800,000 × 40% = $320,000 is the amount required for the production of overhead allocated to the assembling unit cost pool.

Because the activity rates are computed by dividing the total cost for each activity by its total activity & per unit cost is calculated by dividing the total dollars in each activity cost pool by the number of units of the activity cost drivers. the total cost of each activity pool is divided by the total number of units of the activity to determine the cost per unit.

Cost pool is a grouping of individual costs, typically by department or service center.

Cost per unit the amount of money spent by the company during a period for producing a single unit of the particular product or the services of the company.

Determine means to discover the facts about something.

To know more about the Cost Pool Here

brainly.com/question/14347180

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4 0

1 year ago

Lending money and collecting the loans are A. operating activities. B. investing activities. C. Non-cash investing and financing

Ne4ueva [31]

Answer:

B. investing activities.

Explanation:

Cash flow transactions are categorized into three categories,

Operating
Investing
Financing

Under Investing activities a company invests the money or cash in some sort of securities, in our case case loan, while investing it gives the money to some third person, then it gets return like interest or dividend on such amount.

Here, the company has lend some money in the form of loan and then it collects the loan, therefore it is investing activity.

Exceptionally if a company is a banking or NBFC companies then it lends money in normal course, and then collects them back in that case it is operating activity.

In general it is

B. investing activities.

6 0

3 years ago