Answer:
Foxystan
The spending multiplier in Foxystan is equal to:
10 times.
Explanation:
a) Data and Calculations:
Decrease in consumer spending = $500
Decrease in GDP = $5,000
Spending multiplier in Foxystan is equal $5,000 : $500 = 10 times
The spending multiplier describes the ratio of change in consumer spending relative to the change in the GDP. In Foxystan, the ratio of the change is 10 times. This means that while consumer spending decreased by $500, it caused a 10 times decrease in the GDP.
Answer:
False
Explanation:
What is a transportation company called?
- Courier companies are usually spin-offs from freight forwarders.
- There are various types of courier companies, such as airfreight courier companies or road couriers.
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Answer:
Operating Income Using Full Costing $
Operating income based on marginal costing 70,000
Add: Difference in inventory valuation (5,000 x $8) 40,000
Operating income based on absorption costing 110,000
Explanation:
In this case, we need to calculate difference between closing inventory and opening inventory (50,000 - 45,000= 5,000 units). The difference in inventory is valued at fixed factory overhead application rate of $8. The value of difference in inventory is added to the operating income reported by marginal costing.
Answer:
Cost of producing a unit of a good falls as its output increases.
Explanation:
Companies achieve economies of scale when their production costs per unit decrease as the company uses fewer inputs to produce one unit of product.
For example, a company produces 10,000 units with a total cost of $20,000 (cost of producing one unit is $2). If the company increases its total production to 15,000 units with a total cost of $25,000 (cost of producing one unit is $1.67).
Answer: web community
Explanation:
Web community is also called an internet community, it is a virtual community whose members interact with each other primarily through the Internet.
