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Daniel [21]
3 years ago
7

If a consumer views a unit of consumption in period 1 as a perfect substitute for a unit of consumption in period 2 and if the r

eal interest rate is positive, the consumer will: a) Consume only in period 1. b) Consume only in period 2. c) Consume equal amounts in each period. d) Consume more in period 1 than in period 2 if income elasticity exceeds 1, else would consume more in period 2 than in period 1. e) Equalize expenditures but not consumption in the two periods.
Business
1 answer:
VashaNatasha [74]3 years ago
7 0

Answer:

The answer is "Choice a".

Explanation:

When a consumer considers the consumer unit throughout period 1 also as perfect for a unit in period 2 as well as the real system is a vital one, the customer is seeing negative interest rates, indicating also that saving over the next time frame would then lead to lower incomes. Its customer would then seek to maximize usage of either better because both consumption rates are replacements. It'd be in period 1, in this case.

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Which of the following scenarios could lower a firm’s demand for labor? Correct Answer(s) James operates a restaurant in a seasi
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Answer:

James operates a restaurant in a seaside tourist town. It is winter and all the tourists have left

Rex invests in new computer software that will automate his bookkeeping.

Explanation:

In winter, the patronage at James' resturant would drop because tourists would have left. Because demand at the resturant has dropped, James would reduce his demand for Labour which are his staffs. He would let some staffs go temporarily to reduce costs .

If Rex invests in a software that automates his book keeping, he wouldn't need an accountant to help with his book keeping, so demand for labour would fall.

After Katie's competition closes down, more people would patronise Katie. Katie's demand for Labour would increase because of the influx of customers.

Amy would need labour to obtain wood; her demand for Labour would increase.

If school is just resuming, there would be a high influx of people into the bookstore, the bookstore would increase its demand for Labour because of the high influx of customers .

I hope my answer helps you.

8 0
3 years ago
The management accountant at Technology Innovators determined $500,000 is the organization's earning goal to accommodate the org
Margaret [11]

Question:

Which of the following management responsibilities is the managerial accountant using in this example?

Answer:

Planning, which includes setting goals and objectives for the organization as well as determining how to accomplish those goals.

3 0
3 years ago
G why is the future value always more than the present value?
olya-2409 [2.1K]
The future value is always more than the present value because the value of the dollar can be higher in the next day. plus it can be adding the interest in the future value. 
3 0
3 years ago
If a firm decide to eliminate a product line that produce a yearly net lo of $21000 it yearly net income
mina [271]

Option A is the proper response. It will only increase by $21,000 if it can completely eliminate all of the fixed expenses related to that product line.

Net income, in both business and accounting, is an entity's revenue fewer costs, depreciation and amortization, interest, and taxes for a given accounting period.

All fixed expenses related to a discontinued product line should also be discontinued. then the corporation can add $21,000 to its overall net profits. When a product line is discontinued, variable expenses are automatically eliminated.

The correct response is A. only if it can eliminate all of the fixed costs related to that product line will it increase by $21,000.

To learn more about Net Income, refer to this link:

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<u>COMPLETE QUESTION:</u>

If a firm decides to eliminate a product line that produces a yearly net loss of $21,000, its yearly net income

A. will increase by $21,000 only if it can eliminate all of the fixed costs associated with that product line.

B. will increase by $21,000 only if it can eliminate all of the variable costs associated with that product line.

C. will automatically increase by $21,000.

D. will decrease unless the firm can eliminate all of the fixed costs associated with that product line.

4 0
1 year ago
Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.
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Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.--  Existence and accuracy

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When an auditor is examining the accounting records of a client company, a primary technique for verifying the existence of accounts receivable is to confirm them with the company's customers. The auditor does so with an accounts receivable confirmation

What does it mean to confirm account?

Account verification is the process of verifying that a new or existing account is owned and operated by a specified real individual or organization. A number of websites, for example social media websites, offer account verification services.

Learn more about Confirm account receivable:

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7 0
1 year ago
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