Answer: the correct answer is (B) newly rich consumers will not buy the watches if the watches are not advertised to people who are not yet wealthy who will then hold the watches in high regard
Explanation:
The paragraph says that that most purchasers of Brand X's luxury watches have only recently become wealthy and buy this brand so the logical argument is to reach "recently become rich" to attain higher sales. Advertizing in the magazine mentioned is not guarantee that the "new rich" will buy more watches since we don't know if they read the magazine mentioned.
Answer:
Selling price= $79.17
Explanation:
Giving the following information:
Direct materials cost $43
Direct labor cost $11.30
Variable overhead cost $ 5.30
Fixed overhead cost $ 1.30
Target markup 30 %
<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Unit product cost= 43 + 11.3 + 5.3 + 1.3= $60.9
<u>Now, the selling price:</u>
Selling price= 60.9*1.3
Selling price= $79.17
<span>There are two possible outcomes that are dependent on the size of absence for consumer purchasing. If the size of absence is negligible, a noticeable supply and demand relation curve will be observed, decreasing prices so that others will buy more. If the absence is large, or in totality, then companies can not meet their baseline operations costs, which will cause many to lose their jobs, and ultimately lead to a recession, and a probable depression.</span>
Answer:
The long-run aggregate supply curve will not shift if there is a change in
A change in the price level only results in a movement along the long-run aggregate supply curve, it doesn't cause a shift. Only when the quantity of factors of production changes, will the LRAS curve shift.
All of the following will shift the short-run aggregate supply and the long-run aggregate supply except for
- C. a temporary change in input prices.
Basically the same logic as the previous answer, a change in price level doesn' shift the LRAS curve.
