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8090 [49]
3 years ago
6

When President Obama was president he had discussed raising income taxes for individuals earning over $250,000 in income. Explai

n how these higher income taxes will affect the aggregate demand curve. What variables cause the short-run aggregate supply curve to shift
Business
1 answer:
Allisa [31]3 years ago
7 0

Answer:

A) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B)

i) Change in input price

ii) Change in production cost

iii) Increase in labor supply or increase in capital stocks

Explanation:

A) Effects of higher income taxes on aggregate demand curve

i) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B) The factors that will cause the short-run aggregate supply curve to shift

a) Change in input price

b) Change in production cost

c) Increase in labor supply or increase in capital stocks

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andre [41]

Answer:

Direct labor rate variance= $594 unfavorable

Explanation:

Giving the following information:

The standard direct labor cost per hour is $7.20.

During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.

<u>To calculate the direct labor rate variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 48,078/6,600= $7.29

Direct labor rate variance= (7.20 - 7.29)*6,600

Direct labor rate variance= $594 unfavorable

6 0
3 years ago
While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other off
klemol [59]

The answer is directors.

<h3>What entity elects the board of directors for a corporation?</h3>
  • The corporation's stockholders elect its board of directors, but they play no other direct role in how the company is run. The board makes the important company decisions of directors.
  • The president of a corporation is chosen directly by its stockholders.
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  • The promotion of the organization's work and the recruitment of resources to support its programs and services are some of the duties of board members.

While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other officers, who manage the corporation.

The answer is directors.

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5 0
1 year ago
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The firm's MRP when it produces 44 units of output (from top to bottom) MRP, Regulated: 200, 160, 120, 80, 40.

<h3>What is output?</h3>
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6 0
1 year ago
Which economic policy was most successful during the Great Depression?
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The economic policy that was most successful during the Great Depression is (D) increased government spending. It is a common view among economists that government spending on the war at least accelerated from the recovery of the Great Depression. Well, as always, other think that it didn't play a vital role in recovery.
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4 years ago
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All other options are not true the term financial aid initially derived by the community colleges in order to provide funding to the students who cannot afford to study.
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