Which of the following would NOT shift an economy's PPF? *

Suppose a new off-campus university apartment complex could rent its rooms on the open market for $900 a month. If, instead,

asambeis [7]

Answer:

a shortage would arise since quantity demanded would exceed the quantity supplied

Explanation:

The law of demand states an inverse relationship between price of a good and it's demand.

In the given case, per month rental for rooms has significantly reduced for students. This would result into an immediate increase in demand for the rooms. Now since, the rooms available are limited in number, a shortage would arise.

Owing to such a shortage, a possibility would arise wherein students who do not require such rooms may avail such rooms at $500 and subsequently let out the rooms to outsiders at anything below $900 thereby earning a profit.

3 0

3 years ago

What are the macroeconomic conditions affecting the IT industry? Select "yes" for those statements that are accurate and choose

RUDIKE [14]

Answer:

a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways. - Yes

b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth. - Yes

c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment. - Yes

d. A weak Canadian dollar makes the cost of importing more expensive. - No

Explanation:

The macroeconomic conditions that impact the business in terms of the economic growth rate. The use of GNP and GDP to measure the growth. The macroeconomic phenomenon estates the patterns and conditions from the large aspects of the economy.

3 0

2 years ago

You are the account manager for an Internet service provider. A customer contacts you and complains that her recent billing stat

Darya [45]

Answer: a. Anticipate the effect your message will have on the receiver.

b. Analyze the bad-news situation

Explanation:

In the Phase 1 of the writing process, it is required that one should analyze the bad-news situation, and then anticipate the effect that such news will on have on the receiver. After this has been one, the message will then be adapted accordingly.

In a scenario whereby it's anticipated that the reader will be upset about the news, then the message might be reshaped so that the reader won't be angry.

3 0

2 years ago

In three to four sentences, explain how taxes influence consumer decisions and buying power.

Sloan [31]

Factors such as price and production costs help determine the market supply curve.
Most states impose sales tax on some goods and services as a means of generating revenue. However, sales taxes also influence consumer behavior. These influences, along with the basic financial impact of sales tax, are evident on supply and demand curves when sales tax rates increase or a state imposes a new sales tax.

8 0

2 years ago

Read 2 more answers

If 10,000 units which were 50% completed are in process at November 1, 90,000 units were completed during November, and 20,000 w

kakasveta [241]

Answer:

False

Total equivalent units 89,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:

Equivalent units = Degree of work done(%) × units of inventory

Item unit Equivalent unit

Opening inventory 10,000 50% × 10,000 5000

Fully worked unit 80,000 100%× 80,000 80,000

Closing inventory 20,000 20% × 20,000 4,000

Total equivalent units 89,000

Notes:

1. Fully work represent units started and completed in the same period. They exclude the opening inventory.

Fully worked = 90000- 10,000 =80,000.

2. Note also at that the degree of completion for opening inventory is the simply the balance of work remaining to be done.

For example, for materials, 50% of work has been done on the opening inventory in the last period, hence the balance of 50% would be done this period

6 0

3 years ago