Answer:
Practical Capacity
Explanation:
Practical Capacity is the estimate of maximum output of products or services that an organization can produce. It is used to calculate the quantity of cost drivers that would be used for the production of the product or services. The practical capacity is always within the available capacity of the firm.
Answer: When a firm is operating in a perfectly competitive labor market: <u>"the firm can buy as much or as little labor as it wants at a fixed, going wage rate."</u>
Explanation:
1- "the wage the firm increases with the number of workers hired" - Is incorrect because The salary paid by the company is treated as a constant salary.
2- Correct.
3- "the firm’s marginal expense of labor (MEL) equals the cost of all workers hired." is incorrect because the firm’s marginal expense of labor (MEL) is equal to the salary (wage) rate.
Answer:
D.
Explanation:
D. All of the above.
A certified volunteer preparer should;
Make sure all questions on Form 13614-C are answered
Change "Unsure" answers to "Yes" or "No" based on a conversation with the taxpayer
Verify the return is within your certification level
before starting the tax return.
Answer:
B) less than $750.00 billion.
Explanation:
Crowding-out refers to a situation where private consumption and investment are lowered because government spending uses available financial resources and increases interest rates.
Crowding-out is the result of a government having to borrow money or increase taxes in order to increase spending.