All categories

2 years ago

Select the correct answer from the drop-down menu

Business

1 answer:

iragen [17]2 years ago

8 0

Answer:

What to produce?

Explanation:

A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.

Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.

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The marginal propensity to consume tells us by how much ______ changes when ______ changes. a. consumption expenditure; disposab

Stells [14]

The marginal propensity to consume tells us by how much consumption expenditure changes when disposable income changes.

<h3>What is marginal propensity?</h3>

In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it.

Key Takeaways. The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent.

Learn more about marginal propensity here:

<h3>brainly.com/question/17930875</h3><h3 /><h3>#SPJ4</h3>

3 0

1 year ago

List and explain the four factors of production, stating their reward.

mojhsa [17]

The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...

5 0

3 years ago

Farm Country and Industry Country are two neighboring countries. Both countries produce only one good: good X. Production in bo

matrenka [14]

Answer:

B) the same amount of capital and labor

Explanation:

Only an increase in productivity shifts the production function upward given that all factors of production remain the same. Generally technology improves productivity and causes those shifts.

Productivity measures the rate of output per unit of input. E.g. I write 10 pages per hour. If my writing productivity increases, I will write 12 pages per hour. Labor productivity is measured by the amount of output produced per hour worked.

3 0

3 years ago

Assume that Firm ABC has revenues of $120,000 for both 2017 and 2018. It also has operating expenses of $40,000 for each of thes

ivolga24 [154]

Answer:

1) deferred tax asset = 4000

2) deffered tax Liability = 4000

Explanation:

1) Journalizing entry at 12/31/2017

deferred tax asset = tax ( per income tax) - tax ( per book tax )

= 32000 - 28000 = 4000

J<u>ournal Entry made for Income tax and deferred tax asset) </u>

Account Debit Credit

Income Tax Expense 28000

Deffered Tax Asset 4000

Income Tax Payable 32000

2) Journalizing entry at 12/31/2018

Deffered tax Liability = Tax (per book) - Tax ( Income tax )

deffered tax Liability = 32000 - 28000 = 4000

<u>Journal Entry made for Income tax and deffered tax liability</u>

Account Debit Credit

Income Tax Expense 32000

To Deffered Tax Liability 4000

To Income Tax Payable 28000

3 0

3 years ago

Taylor is analyzing the effects of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, Taylor

Maru [420]

By using the ceteris paribus assumption, Taylor is holding the

holding all costs of production other than the wage rate constant

not considering retail price of laptop computers

<h3>What is ceteris paribus?</h3>

Ceteris paribus is a Latin phrase used in economics that means all other things being equal in English. It is used when studying the effect of one variable on another variable to mean that other variables that can affect the variable being studied is assumed to not change.

When Taylor is analyzing the effect of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, he is assuming that other factors that would affect the supply of laptops are assumed to be constant.

The other factors that might affect the supply of laptop computers include:

cost of production
retail price of laptops

Here is the complete question:

Taylor is analyzing the effects of wage rates on the supply of laptop computers. By using the ceteris paribus assumption, Taylor is __________.

Select the two correct answers below.

Select all that apply:

holding the supply of laptop computers constant

holding all costs of production other than the wage rate constant

holding wage rates constant

not considering retail price of laptop computers

To learn more about ceteris paribus, please check: brainly.com/question/13864080

#SPJ1

7 0

1 year ago