A form of government spending that is not made in exchange for a currently produced good or service is called

Consider some determinants of the price elasticity of demand: The availability of close substitutes Product's share of the consu

frez [133]

The main factors influencing a commodity's price elasticity of demand are as follows: 1. The presence of substitutes 2. The sum of consumer spending 3. The Products' Complementarity.

The main factors influencing a commodity's price elasticity of demand are as follows: 1. The presence of substitutes 2. The sum of consumer spending 3. A product's number of applications 4. The Products' Complementarity 5. Time and elasticity. The most important factor influencing price elasticity of demand is the availability of diverse kinds and quantities of substitutes for a particular commodity or service. If a commodity has close substitutes, its demand is probably elastic. The demand for such an item will be greatly diminished if its price rises because consumers will switch to similar substitutes.

With increasing substitutability, something's price elasticity of demand rises.

To know more about consumer click here:

brainly.com/question/27773546

#SPJ4

7 0

1 year ago

if a group of private investors successfully borrowed a large sum of money and purchased the firm from its current owners, we wo

Vikentia [17]

The event is known as Leveraged buyout.

Leveraged buyout is used to describe a transaction where an organization is acquired by an individual or group of individuals, through debt gotten elsewhere.

In other word. when a company's acquires another company using a significant amount of borrowed money to meet the cost of acquisition, it is known as Leveraged buyout.

In conclusion, when this group of private investors in the question successfully acquired the firm from its current owners with borrowed money, then the event is known as Leveraged buyout.

Learn more about Leveraged buyout here

<em>brainly.com/question/7577815</em>

4 0

2 years ago

Use the following information to answer the questions:

Nostrana [21]

Answer:

A.) Since the United States has an aging population and thus an expected decline in working population in the future, therefore, increasing the output per worker seems more relevant in the United states than increasing the proportion of working population. Because Mexico on the other hand boasts a youthful population, Mexico can increase its standard of living by either increasing its output per worker or by increasing the proportion of the population that works.

B.) GDP INCREASES.....

STANDARD OF LIVING ALSO INCREASES....

INCREASE IN NUMBER OF EMPLOYED WORKERS HAS GREATER WEIGHT THAN THE DECREASE IN LABOR PRODUCTIVITY

Explanation:

A.) Since the United States has an aging population and thus an expected decline in working population in the future, therefore, increasing the output per worker seems more relevant in the United states than increasing the proportion of working population. Because Mexico on the other hand boasts a youthful population, Mexico can increase its standard of living by either increasing its output per worker or by increasing the proportion of the population that works.

2.). - - - - - - - - - - - - - - - - - - - - - YEAR - - - - - -

------ - - - - - - - - - - - - - - - 2014 - - - - - - - 2015

Population - - - - - - - - - - 1000 - - - - - - - 1000

Employed workers - - - - 400 - - - - - - - - 440

Labor productivity - - - - 2000 - - - - - - - 1900

GDP = Labor productivity × employed pop.

2014 GDP = 2000 × 400 = 800,000

2015 GDP = 1900 × 440 = 836,000

GDP INCREASES.....

STANDARD OF LIVING ALSO INCREASES....

INCREASE IN NUMBER OF EMPLOYED WORKERS HAS GREATER WEIGHT THAN THE DECREASE IN LABOR PRODUCTIVITY

7 0

3 years ago

Using the following accounts and an overhead rate of 80% of direct labor cost, determine the amount of applied overhead. Work in

Basile [38]

Answer:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Explanation:

Giving the following information:

Overhead is applied base on an estimated overhead rate of 80% of direct labor cost.

<u>We weren't provided with enough information to calculate the allocated overhead. But, I will give a numerical example as well as the formula:</u>

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

For example:

Direct labor= $50,000

Allocated overhead= 0.8*50,000= $40,000

8 0

3 years ago

It has come to your attention that several different departments in your organizations are using workgroup information systems.

kirill [66]

The source of this issue is workgroup information systems that have been built separately (probably out of necessity). Usually an IT department would develop interacting systems so all workgroups could share. It is so dependent on resources for information systems, hardware, software, programmers, screeners to develop a needs assessment. Someone would need to evaluate each individual system to see the similarities and differences and how it us being used. What was it developed to accomplish? Maybe integration can happen rather than starting from scratch.

7 0

3 years ago