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Galina-37 [17]
3 years ago
10

Wages have risen in Europe since the 1970s and workers work substantially less than they did 40 years ago. Does this suggest tha

t income effects or substitution effects dominate?
a. Income effect
b. Substitution effect
Business
1 answer:
DENIUS [597]3 years ago
3 0

Answer:

The correct answer is A. Income effect .

Explanation:

In consumer theory, the income effect is the change in consumption that is due to a change in the consumer's real income, that is, his or her purchasing power. Thus, the fact that wages have increased notably, while working time has been reduced during the same period of time, is a clear sign that the working hour of each man within the productive circuit has today in day a purchasing power much higher than what it had in the past.

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Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $45,500 f
lbvjy [14]

Answer:

The Solution is given below in the

Explanation:

Requirement 1: Solution

Entries                                                    Debit         Credit

Employee Benefits Expense             $55,500

Medical insurance payable                                     $45,500

Retirement program                                                 $10,000

Requirement 2: Solution

As the retirement program money is paid after 5 years it should be classified as a non-current liability as per the International accounting standard(Presentation of financial statements).

3 0
4 years ago
Suppose the only way you could save five innocent people was by killing one of them. would you do it? suppose the only way you c
pantera1 [17]
This is more of an ethics question and up to each individuals beliefs, but I'll try my best to answer it for you. "I would not kill the one innocent person to save five other people because no one's life is greater than another's. The five people would die if I hadn't intervened at all and that one death would be on me. The same would apply to the second scenario, I would not kill the five people to save one."
6 0
4 years ago
An investment of $\$24,\!000$ is made in a government bond that will pay $1\%$ bi-monthly interest (meaning that the investment
Anarel [89]

At the end of five years, the total number of dollars in this investment would be $137,843.79.

<h3>What would be the value of the account at the end of 5 years?</h3>

When the account is compounded bi-monthly, it means that the amount invested and the interest already earned increases in value by 1% every two months.

The formula for calculating the amount that would be in the investment after years is>

FV = P (1 + r)^nm

  • FV = Future value
  • P = Present value
  • R = interest rate
  • m = number of compounding
  • N = number of years

$24,000(1.01)^(5x6) = $137,843.79

To learn more about future value, please check: brainly.com/question/18760477

3 0
3 years ago
Walsh Company expects sales of Product W to be 60,000 units in April, 75,000 units in May and 70,000 units in June. The company
Rom4ik [11]

Answer:

b. 65,000 units

Explanation:

The computation of the budgeted production in April month is shown below:

= Sale units + ending inventory units - beginning inventory units

where,  

Sale units is 60,000 units

Ending inventory units = 75,000 units × 40% = 30,000 units

Beginning inventory units = 25,000 units

Now put these units to the above formula  

So, the units would equal to  

= 60,000 units + 30,000 units - 25,000 units

= 65,000 units

7 0
3 years ago
Discuss a prominent environmental or sustainability practice employed by a company that you believe has been forward thinking an
gavmur [86]

Explanation:

Sustainability is an increasingly recurrent issue on the world stage, which directly affects companies and the way their resources are used. Society increasingly demands that companies be environmentally responsible, as a way of protecting today's society and future generations, since natural resources are scarce and we depend on them for quality of life.

One company we can cite as an example is GOOGLE, a world-renowned company that promotes its environmental responsibility through its communication channels and adopts sustainable practices like the one announced in 2019, which until 2020 the company will not emit carbon in its products and in 2022 all hardware products used in the company will be made of recyclable materials.

Environmental policies have a positive impact on society as a whole, bringing the issue to the fore and making more and more people responsible for exercising sustainability. For the company, we can highlight the reduction of waste in the production process, adding continuous organizational improvement and better positioning of the company. in the market and for stakeholders.

8 0
3 years ago
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