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pshichka [43]
3 years ago
6

Classical economists believed that: a discretionary fiscal policies were useful for dampening business cycle fluctuations. b mon

etary policy was not useful in fighting recessions. c rational expectations were held by most of the public. d potential GDP can be increased by expansionary fiscal policies. e short-run goals were more important than long-run goals.
Business
1 answer:
RUDIKE [14]3 years ago
7 0

Answer:

c rational expectations were held by most of the public.

Explanation:

Classical economists only focused on the long run goals. the problem is that Ricardo and Smith are still waiting for the long run to show up. Theoretically, classical economics are great, but they failed miserably in the real world. The problem is that it is based on the assumption that human beings are rational and that they will always act rationally, regardless of what is going on. For example, even if you are fired, classical economists say that your expenses should not decrease. But on the real world, if you are fired, the money you have decreases and so will your expenses.

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3 years ago
Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that
geniusboy [140]

Answer:

Explanation:

Beginning WIP inventory                    74000  

Add: Units started during May           390000  

Less: Ending inventory                        34000  

Units completed and transferred       430000  

1                        Equivalent Units

                                                            Whole units Materials    Conversion

Beginning WIP inventory                    74000           74000        74000

Started & completed                          356000     356000        356000

Ending inventory                                34000           23800         10200

Units accounted for                           464000         453800        440200

                                                                Materials Conversion  

Equivalent units of production         453800    440200  

2    

Cost Data:                                                 Total Material Conversion

Beginning WIP inventory                  142800     98800       44000

Current costs                                      755960    513830      242130

Total cost to account for                    898760    612630      286130

Divided by Equivalent units                                    453800 440200

Cost per Equivalent unit                           2.00      1.35 0.65

Materials Conversion  

Cost per Equivalent unit                           1.35 0.65  

3    

Cost Assignment:    

Ending Work in process:    

Material                                                 32130  

Conversion                                            6630  

Total Ending Work in process             38760  

4    

Cost of units completed and transferred    

Material                                                 580500  

Conversion                                            279500  

Total                                                       860000  

5    

Cost to be accounted for:    

Beginning WIP inventory                       142800  

Current costs                                          755960  

Total costs to be accounted for            898760  

Cost accounted for as follws:    

Cost of units completed and transferred 860000  

Cost of ending work in process            38760  

Total costs accounted for                      898760  

6 0
3 years ago
A justification for job training programs is that they improve worker productivity. Suppose that you are asked to evaluate wheth
patriot [66]

Explanation:

1. The ceterus paribus effect gives us to what extent, the effect of a variable has on another variable, while holding all other factors fixed. Analysing job training of workers on productivity will give us results that are not biased since we will not be taking account of other factor variables in the calculations. When 2 firms are the same in almost every aspect apart from number of hours on training, then we will find out that each firm would have different levels of workers output. So we should know if workers output increases due to job training.

2. When it comes to provision of training, furms do these based on characteristics of the workers. Some of these characteristics are measurable while some are immeasurable

Measurable:

Experience on the job,

Productivity

Level of education,

immeasurable :

Skill set

Vision

Likeliness to bstay at firm

3. Apart from worker characteristics, productivity also depends on other factors one of which is technological change. A technological change can bring about increased efficiency and greater output by the worker. Different firms using different capital and technological combination are quite likely to have different output levels.

4. A positive correlation between job training and productivity cannot be used to ascertain if job training makes worker more efficient this is due to the fact that correlation only tells us if variables are in coexistence. So a positive correlation does not tell us that job training is indeed bringing about changes in the productivity of workers.

8 0
3 years ago
Tsao Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the yea
Kisachek [45]

Answer:

 a) production units = 450,000

b) Amount of raw materials = 1,010,000.

Explanation:

The production budget is computed as follows;

Production budget = Sales budget + closing inventory - opening inventory

Production budget= 480,000 + 50,000 - 80,000

                              = 450,000 units

<em>The raw material purchase budget is the amount of material to be purchased to accommodate production need and inventory of materials to be kept.</em>

Purchase budget = usage budget + closing inventory - opening inventoy

Purchase budget = (2× 500,000) + 45,000 - 35,000

                       =  1,010,000.

4 0
4 years ago
What is the single most important factor in determining the success or failure
horsena [70]

<u>Answer:</u>

Answer Choice: <em>A. Communication</em>

<u></u>

<u>Explanation:</u>

Communication is the single most important factor in determining the success or failure of a project because the better you explain the project the higher your grade will be so, that will result in your grade being a A or a B so, that will cause you to pass, and the worst you explain the project the lower your grade will be so, that will result in your grade being a C or D or F (or an E depending on how your school grades) so, that will cause you to fail.

6 0
3 years ago
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