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3 years ago

Congress votes to substantially increase the minimum wage. The determinant causing the shift in this scenario is:___________.

Business

1 answer:

alexgriva [62]3 years ago

7 0

Answer:

resource cost or availability

Explanation:

In the case when there is a votes of congress that rise the minimum wage. So this results in the shifting of the cost of the resource or the availability

Therefore as per the given situation there would be rightward shifting as the minimum wage is rised

Also the shifting could be done with respect to the resource cost or the availability

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The market value balance sheet for Cherry Pie Corp. reflects a cash of $22,000, fixed assets of $209,000, and equity of $231,000

Blizzard [7]

Answer:

The correct answer is D.

Explanation:

Equity = $231,000

No. of outstanding shares = 5,000

Price of share = $\frac{231,000}{5000}$

Price of share = $46.2

Repurchased shares worth $18,000

No. of shares repurchased = $\frac{18,000}{46.2}$

No. of shares repurchased = 390

When the shares would have been repurchased then the value of equity would decrease by the same amount.

Revised equity = $231,000 - $18,000

Revised equity = $213,000

No. of shares outstanding = 5,000 - 390

No. of shares outstanding = 4,610

Thus, the price of each share would be:

Share price = $\frac{213,000}{4,610}$

Share price = $42.60

8 0

4 years ago

A step out is a pricing practice in which a firm:

Katen [24]

I would say the answer is D

3 0

3 years ago

In Australia Coca-Cola launched Mother, an energy drink. However, most people did not like the taste. Rather than introducing an

vitfil [10]

Answer: (D) Styling

Explanation:

The coca-cola is changing the styling of products as it increase the marketing and the business. By changing the styling of existing product we make the product more attractive by developing new ideas on the product.

We can create and develop the new product by changing the existing drawbacks and create into the new styling of the product and also re-position the existing product in the market.

By advertising the new products on the different types of platform like the social media we advertising the brand of the products.

Therefore, Option (D) is correct.

5 0

3 years ago

Increasing the amount of money in the economy results in

Elena-2011 [213]

Answer:

By increasing the amount of money in the economy, the central bank encourages private consumption. Increasing the money supply also decreases the interest rate, which encourages lending and investment. The increase in consumption and investment leads to a higher aggregate demand.

Explanation:

It is important for policymakers to make credible announcements. If private agents (consumers and firms) believe that policymakers are committed to growing the economy, the agents will anticipate future prices to be higher than they would be otherwise. The private agents will then adjust their long-term plans accordingly, such as by taking out loans to invest in their business. But if the agents believe that the central bank’s actions are short-term, they will not alter their actions and the effect of the expansionary policy will be minimized.

7 0

3 years ago

The crowding out effect will be greater than

ELEN [110]

Answer:

The correct answer to the following question is option B) .

Explanation:

Crowding effect refers to a situation where due to the increase in interest, there is a decrease in investment ( private investment spending ), which in turn leads to decrease in initial increase in investment. Here the interest rate have increased because of the expansionary fiscal policy implemented by the government, where they have increased their spending. A high magnitude of crowding effect can lead to decrease in the money supply in economy.

6 0

3 years ago