Consider an economy that is initially in long-run equilibrium. Assume that the longrun aggregate supply curve is vertical at Y=3,000 while the short-run aggregate supply curve is horizontal at P=1.0. The aggregate demand curve is Y=2(M/P) and M=1500. Suppose that a supply shock affects the economy in such a way that the price level doubles. Then, the short-run level of output becomes: 1500 1425 3000 1235
Answers
In the given scenario, an economy is in long-run equilibrium with a vertical long-run aggregate supply curve at Y=3,000 and a horizontal short-run aggregate supply curve at P=1.0.
The aggregate demand curve is represented by Y=2(M/P) with M=1,500. If a supply shock doubles the price level, it will result in a movement along the short-run aggregate supply curve. As a result, the short-run level of output decreases. To find the new level of output, we need to substitute the new price level into the short-run aggregate supply curve equation. However, the options provided do not specify the new price level, so it is not possible to determine the exact short-run level of output without that information.
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Related Questions
Which of the following statements are true regarding international trade? (Check all that apply.)Multiple select question.Nations should import goods for which they have a comparative disadvantage.International trade exists because firms export.Trade restrictions that stop the free flow of goods will enhance a nation's welfare.ations will attain a higher standard of living by specializing in goods for which they have a comparative advantage.
Answers
True international trade occurs when the exporting nation benefits more from trade than it loses.
Assume that two nations, each of which produces two items, have different opportunity costs. If so, there may be a chance for commerce between the two nations that will benefit them both. International commerce encourages nations to focus on the products and services where they have a competitive edge.
Dynamic profits from trade are related to how the economy is doing economically. A vast quantity of high-quality goods is produced as a result of the nation's specialization in producing the best-suited commodities, which fosters growth. Thus, opening up the home market to global trade will hasten economic expansion.
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expenditures on the good, what can we infer? Elasticity of demand is between 0 and 1. Elasticity of demand equals 1. Elasticity of demand is between 1 and infinity. Elasticity of demand is infinity. None of the above.
Answers
Elasticity of demand is between 0 and 1.
What can we infer from expenditures on the good?When the elasticity of demand is between 0 and 1, it indicates an inelastic demand for the good. In this case, changes in the price of the good will result in proportionately smaller changes in the quantity demanded.
If expenditures on the good increase, it suggests that the price of the good has decreased, leading to an increase in quantity demanded.
Since the demand is inelastic, the increase in quantity demanded will be relatively smaller compared to the decrease in price, resulting in an overall increase in expenditures on the good.
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Which TCF checking account fee is the most expensive?
Answers
Answer:
Explanation: it’s o stop payment fee
"Accumulated other comprehensive income should be reported on the balance sheet as a component of
Retained earnings-Additional paid-in capital
a. No-Yes
b. Yes-Yes
c. Yes-No
d. No-No"
Answers
The correct answer to your question is: c. Yes-No. Accumulated other comprehensive income -AOCI should be reported on the balance sheet as a component of retained earnings, but not as a component of additional paid-in capital.
AOCI represents the total of unrealized gains and losses on specific items that are not yet realized but are still accounted for in the financial statements. These items include unrealized gains and losses on available-for-sale securities, foreign currency translation adjustments, and certain pension adjustments. Retained earnings represent the accumulated profits of a company that have not been distributed as dividends to shareholders. Including AOCI as a component of retained earnings is appropriate because it reflects the changes in a company's net assets that have not yet been realized. On the other hand, additional paid-in capital (APIC) represents the amount paid by investors for shares of a company's stock above its par value. This component of equity is separate from retained earnings and AOCI because it specifically relates to the issuance of stock rather than the company's ongoing financial performance. In summary, accumulated other comprehensive income should be reported on the balance sheet as a component of retained earnings, but not as a component of additional paid-in capital.
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What is suggestive selling? Have you experienced an example of this? If so, describe the experience. Why do restaurants use suggestive selling?
Answers
Answer:
Explanation:
Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.
explain any 3 savings offered by postal service
Answers
Savings accounts come in a variety of varieties, and they are not all the same. Traditional savings accounts, high-yield savings accounts, money market savings accounts, certificates of deposit, cash management savings accounts, and speciality savings accounts are available.
What postal savings accounts are and how they workFrom 1911 through 1967, the United States ran a postal savings program that allowed people to deposit money in accounts secured by the government and generating interest. However, as commercial banks raised the interest rates on savings accounts, the Postal Savings System's popularity fell, and the program was abandoned in 1967.
What are the finest Post Office savings?The outcomes are guaranteed because this post office initiative is sponsored by the Indian government. The interest rate for the current quarter is 6.8%. (October 2022–December 2022). This fixed-income savings plan has a five-year term. Therefore, the lock-in time is also five years.
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Which of the following is a list of liabilities?
A.accounts payable, bank loan, taxes payable, tax expense
B.accounts payable, bank loan, wages, taxes payable
C.accounts receivable, bank loan, taxes payable, accounts payable
D.accounts payable, bank loan, taxes payable, workers compensation payable
Answers
Gilroy Crackers enjoys a competitive advantage as a cost leader because high demand for its products has allowed it to operate at the minimum efficient scale. Which of the following scenarios would be most concerning to the managers of Gilroy Crackers?
A) Gilroy's leading competitor develops a new low-sodium product.
B) Gilroy's most reliable production worker takes a job in another industry.
C) A major winter storm shuts down Gilroy's production for several days.
D) A wheat shortage raises input costs across the industry.
Answers
Answer:
The answer is C. A major winter storm shuts down Gilroy's production for several days
Explanation:
Being a cost leadership means one has a competitive advantage by producing at the lowest cost in the industry. Cost leadership is characterised by company efficiency, size etc.
Gilroy Crackers would be most concerned about a major winter storm shuts down Gilroy's production for several days because Gilroy won't be able to utilize its capacity and the raw materials already bought might turn to a waste through to lack of usage.
Also, some of its needed machineries might have also been rendered useless by the storm.
1.Which agency enforces food safety in a restaurant or foodservice operation?
A Centers for Disease Control and Prevention
B Food and Drug Administration
C State or local regulatory authority
DU.S. Department of Agriculture
Answers
The agency enforces food safety in a restaurant or foodservice operation is State or local regulatory authority.
When it comes to ensuring food safety in restaurants or foodservice operations, the responsibility lies with the State or local regulatory authority. This authority can vary depending on the specific region or country. In the United States, for example, the primary agency responsible for enforcing food safety regulations is the local health department or equivalent regulatory authority.
State or local regulatory authorities have the power to inspect food establishments, such as restaurants, cafes, and food trucks, to ensure they comply with health and safety standards. These authorities set regulations regarding food handling, storage, preparation, and hygiene practices. They conduct regular inspections, investigate complaints, and enforce penalties or closures if violations are found.
While other agencies like the Centers for Disease Control and Prevention (CDC), Food and Drug Administration (FDA), and the U.S. Department of Agriculture (USDA) play crucial roles in overall food safety, their primary focus may differ. The CDC primarily focuses on disease surveillance and prevention, the FDA focuses on food product safety and labeling, and the USDA focuses on the safety of meat, poultry, and egg products.
Hence the correct option is (c).
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A pet grooming shop offers high-quality grooming service for dogs. The dog grooming process includes three activities with the sequence described below. Three employees (E1, E2, and E3) provide the services for tasks 1,2, and 3 respectively. (a) What is the theoretical flow time of the whole process, in minutes, and in hours? (b) What is the capacity rate of the shop? Show all your work and justify your answer, and do not forget the units. What does this information tell you? Explain. (c) If one dog arrives at the shop every 20 minutes, what is the arrival rate per hour? What is the throughput rate of the shop in this case? Show your work and include all the units. What does throughput rate mean in this context? Explain using the definition as well as the number you have obtained. (d) Suppose that Activity 1 and 2 are now both done by Employee 1, and Employee 2 is layed off. What is the capacity rate of the whole process, in units per hour? Which employee is the bottleneck? What is the utilization of each of the resources if 2 dogs show up at the shop per hour? Show details of your work, justify your answers and include all the units. (e) In part (d), what would be the utilization of each of the resources E1 and E2 if only one dog showed up per hour? Explain and show all your calculations.
Answers
The theoretical flow time of the whole process is 0.917 hours. The capacity rate of the shop is 1/55 dogs per minute, which is approximately 0.0182 dogs per minute.The arrival rate per hour is 3 dogs per hour because 60 minutes divided by 20 minutes per dog is equal to 3 dogs per hour.
(a) The theoretical flow time of the whole process for a single dog is 55 minutes. If it takes 55 minutes for each dog to go through the process and 1 dog is worked on at a time, the theoretical flow time of the whole process is also 55 minutes. This is equivalent to 0.917 hours.
(b) The capacity rate of the shop is 1/55 dogs per minute, which is approximately 0.0182 dogs per minute. This is because one dog is worked on at a time, and the theoretical flow time of one dog is 55 minutes. This tells us that the shop can handle approximately 3.28 dogs per hour (60 minutes divided by 55 minutes per dog).
(c) The arrival rate per hour is 3 dogs per hour because 60 minutes divided by 20 minutes per dog is equal to 3 dogs per hour. The throughput rate of the shop is also 3 dogs per hour because the arrival rate is equal to the capacity rate. Throughput rate refers to the rate at which the shop can handle dogs per unit of time.
(d) The new theoretical flow time of the whole process is 45 minutes because Activity 1 and 2 can now be done simultaneously. This means that E1 is the bottleneck and has a capacity of 2/3 dogs per hour. E1's utilization rate is (2/3) / 3.28, or approximately 20.5%. E2 and E3's utilization rates are both zero. The capacity rate of the whole process is 3.28 dogs per hour.
(e) If only one dog showed up per hour, E1's utilization rate would be (1/3) / 3.28, or approximately 10.2%. E2 and E3's utilization rates would still be zero.
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Click this link to visit the O*NET page for the Athletic Trainers career. Scroll to the Wages & Employment link. According to O*NET, what is the projected growth for Athletic Trainers between 2012 and 2022?
average (10 to 19 percent)
faster than average (15 to 21 percent)
much faster than average (29 percent or higher)
slower than average (3 to 9 percent)
Answers
Answer:
much faster than average (29 percent or higher)
Explanation:
C
Answer:
C. much faster than average (29 percent or higher)
Explanation:
If the value of the goods and services a country produces increases while its
population stays the same, which statement must be true?
A. The country's unemployment rate has decreased.
B. The country's total GDP has decreased.
C. The country's per capita GDP has increased.
D. The country's rate of inflation has increased.
Answers
If the value of the goods and services a country produces increases while its population stays the same, "the country's per capita GDP has increased."
This is based on the idea that per capita GDP is a form of GDP measure that divides the total GDP, particularly a country with the population or number of people living in that country.
Therefore, when the value of the goods and services a country produces increases while its population stays the same, "the country's per capita GDP has increased."
Hence, in this case, the correct answer is option C. "the country's per capita GDP has increased."
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Answer: The country's per capita GDP has increased. So "C" is right.
Explanation: Just took the quiz
T/F: Mabel is embarrassed when shopping for adult diapers at a retail store. This negative emotion is influenced by both the product (adult diapers) and the situation.
Answers
The statement is true.
Mabel is embarrassed, which is a negative emotion when shopping for adult diapers at a retail store. This negative emotion is influenced by both the product (adult diapers) and the situation (shopping in public).
Mabel's feeling of embarrassment is likely influenced by both the product (adult diapers) and the situation (shopping for them at a retail store). The product itself may be stigmatized or associated with a loss of independence or control, and the situation of shopping for them in public may amplify those negative feelings. The social norms and expectations surrounding incontinence and aging may also contribute to feelings of embarrassment in this situation.
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Identify the type of conic section consisting of the set of points in a plane that are equidistant from a fixed point and a fixed line. Choose the correct answer below. A. ellipse B. parabola C. circle D. hyperbola
Answers
The type of conic section consisting of the set of points in a plane that are equidistant from a fixed point and a fixed line is called a b) parabola.
A parabola is defined as a symmetrical, open plane curve formed by the intersection of a cone with a plane parallel to its side. The focus and the directrix are the two fixed points that define a parabola. The directrix is a fixed line that is equidistant from all points on the parabola, while the focus is a fixed point that is also equidistant from all points on the parabola.
A parabola can open upwards or downwards, depending on the position of the focus and the directrix. When the vertex of a parabola is at the origin and the axis of symmetry is vertical, the equation of the parabola is given by y^2 = 4ax, where a is the distance from the vertex to the focus.
Therefore, the correct answer is b) parabola.
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How to address an envelope to a person at a company.
Answers
Answer:
the first line should be the company's name. In the next line, follow "ATTN:" or "c/o" with the individual's name.
Explanation:
f the letter is not to someone at a specific business, the first line should simply be their name.
Sales to small businesses that typically purchase from dealerships represent almost __________ vehicles per year.
Answers
Answer:
Sales to small businesses that typically purchase from dealerships represent almost Three million vehicles per year.
Explanation:
If you desire your company to bring in more business, there are simply 4 Techniques to Increase Revenue: increasing the number of consumers, progressing average purchase size, improving the repetition of transactions per consumer, and increasing your prices.
Tips on how to enhance sales for your small enterprise
Ask queries and hear.Showcase your complete potential.Calculate the sale.Stand out.An income is measured as
A all money received, including gifts, in the course of a year.
B an amount spent in one week’s time.
C an amount received in a specific period: weekly, biweekly, or yearly.
D all money saved during a year’s time.
Answers
Answer:
C. An amount received in a specific period: weekly, biweekly, or yearly.
Explanation:
Income is an amount received in a specific period: weekly, biweekly, or yearly.
Income
It is a particular amount of money that is paid to you when you work for some organization or company, or when you earn in a business.
How is income measured?It is measured as an amount that is received in a specific period : weekly, biweekly, or yearly. It is pre-decided and depends on the type and amount of work you do.
Hence, income is an amount received in a specific period: weekly, biweekly, or yearly.
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What does the St stand for in the formula to calculate moving averages of sales forecasting?
Formula:
Ft+1=(St+St+St-2+...+St-N-1/N)
Answers
Noel was assigned a group project in class. What benefit will Noel get from working with a team?
A Independence
B Increased creativity
D Easy class credit
C Easy decision making
Answers
Answer:
B Increased creativity
Explanation: got test
Ms. Levebre is the president of a company that makes office supplies. She wants to sell office supplies to the federal government. Where can she find the rules and procedures for doing this?
Federal Register of Rules and Bylaws
Government Purchasing Rules
Federal Acquisition Regulations
U.S. Government Purchasing Rights
Answers
Answer:
Federal Acquisition Regulations
Explanation:
Ms. Levebre can find the rules and procedures for selling office supplies to the federal government in the Federal Acquisition Regulations (FAR). The FAR is a set of standardized guidelines that outline the process for acquiring goods and services from private businesses by the federal government. It provides information on the process for submitting bids, negotiating contracts, and fulfilling orders, as well as other important details related to doing business with the federal government.
Which person's unemployment is an example of frictional unemployment?
А
a rocont collogo graduato who is sooking to enter the workforce for the first timo
B
a factory worker who was laid off during a recession in order to cut operating costs
a retail salesperson who is looking for work after a period of seasonal employment at a departmen
D
an inexperienced computer programmer who lacks the human capital sought after by employers in
Answers
As you begin studying business law, you become overwhelmed by the sheer volume of laws that can affect business. You dive in and
begin the process of understanding where these laws come from; the first step in understanding how these laws apply to each other and
how they apply to your business.
You're looking at statutes that set out the penalties for forgery and learn that each state is free to make its own criminal laws that apply
just to that state. Which branch of government do you think creates statutes?
Answers
The branch of government that creates these statutes (business law) to regulate business practice is known as the Legislative branch.
What is a business law?This refers to those law that consists of the enforceable rules of conduct that govern commercial relationships.
Some examples of business law in the country sphere covers the area of employment Law, immigration Law, Consumer Goods Sales, Antitrust, Intellectual Property, Taxes etc.
The Legislative branch creates the business law to protect the consumers and regulate business activities.
In conclusion, the branch of government that creates these statutes (business law) to regulate business practice is known as the Legislative branch.
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Investing is an unpredictable world of formulas, symbols, and terms, and is no more than a matter of luck and timing. TRUE or FALSE?
Answers
Answer:
Falae
Explanation:
investing is not just a matter of luck and timing, it involves a lot of research, analysis and sound decision making. But it's also important to keep in mind that it always carries a degree of risk, and thus, it's important to have a long-term perspective and a well-diversified portfolio.
What are two major advantages and two major disadvantages of having unions in the United
States? Explain each advantage or disadvantage.
Answers
Answer:
two major advantages of unions:
1. we get more items from different countries
2. Unions promote higher wages and better benefits
two major disadvantages:
1. Labor unions discourage individuality
2. Unions can drive up costs as well as making it harder to promote and terminate workers.
Tony is the head of a company that develops cutting edge technology. His team is working on their next big thing and they are close to a breakthrough. As his team works, Tony spends a good portion of his time making sure each part of his team has what they need to produce their best work. Tony also spends some of his time making sure any potential obstacles to his team are taken care of and coaching his team through some of their challenges.
What type of leadership is Tony practicing here?
A. Laissez-faire
B. Democratic
C. Servant Leader
D. Directing
Answers
Answer:
D- Directing
Explanation:
It can't be laissez-faire because that literally makes zero sense at all. It's not democratic because that would mean that he would have had his team take a vote at some point in time, but this question says nothing about that. It is not servant leader because literally wth is that. It would have to be directing because Tony is giving his team some direction to help them keep moving forward.
the information in a data mart spans an entire enterprise.
Answers
The given statement "the information in a data mart spans an entire enterprise" is False.
In fact, a data mart is a subset of an enterprise's data, focusing on a particular subject area or line of business. Here is an explanation of what a data mart is and how it relates to an enterprise: A data mart is a subset of an enterprise's data that is designed to serve a particular subject area or line of business.
It contains a subset of the enterprise's data that is relevant to the specific business area, allowing users to analyze and report on that data more effectively. The data mart is typically created by extracting data from the enterprise data warehouse (EDW) and transforming it to meet the specific needs of the business area.
Data marts can be designed for different levels of granularity, depending on the specific needs of the business area. For example, a data mart for a sales department might contain data on individual sales transactions, while a data mart for an executive dashboard might contain summary data at a higher level.
In summary, a data mart is a subset of an enterprise's data that is focused on a particular subject area or line of business, and it does not span the entire enterprise.
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Complete question is "the information in a data mart spans an entire enterprise T/F"
15) Find the three consecutive even numbers whose sum is 36.
3y
16) Find y:- 8 = 1
Answers
Answer:
Q)15: y=4 Answer
Q16): y=7 Answer
Explanation:
Q15: Solution:
1st even consecutive number= y
2nd even consecutive number= y+2
3rd even consecutive number= y+4
y+y+2+y+4
2y+2+y+4
4y+y+4
5y+4
9y=36
9y/9=36 (9y divided by 9 with both side Left side and also right side and 9 and 9 will cut. Now y is left)
y=36/9 (Now divide the 36 with 9)
y=4 Answer
Q16). Solution:
The equation is y-8 = 1 (Now we have to shift the 8 into left hand side).
y=8-1 (Now we have to minus the 1 from 8).
y=7 Answer
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The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
Answers
Answer: See Image Below
The adjusting entries for Skysong, Inc. for March is prepared from the given selected accounts before adjusting entries have been prepared.
What are adjusting entries?Adjusting entries are journal entries that are typically made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for making adjusting entries for unearned and accrued revenues.
The adjusting entries are as follows:-
No. Date Account Tiles and Explanation Debit Credit
1. March 31 Depreciation expense 756
Accumulated Depreciation expense 756
2. March 31 Unearned Rent revenue 5580
Rent revenue 5580
3. March 31 Interest Expense 360
Interest payable 360
4. March 31 Supplies Expense 1935
Supplies 1935
5. March 31 Insurance Expense 1080
Prepaid Insurance 1080
Therefore, the adjusting entries are prepared on March 31.
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Acme Fasteners keeps efficiency high by making a million of each kind of bolt
at a time. But its customers usually want to buy only 1,000 to 10,000 of a kind
at a time. What service of wholesalers can best help Acme in this situation?
O
A. Buying large quantities and selling in smaller lots needed by
customers
O
B. Transporting fasteners to storage facilities
O
C. Being experts in fasteners and customers who use them
O
D. Keeping fasteners stored without theft or other kinds of loss
Answers
Answer:
A. Buying large quantities and selling in smaller lots needed by customers
Explanation:
Wholesalers can best help Acme in this situation by buying large quantities and selling in smaller lots needed. Thus, option A is correct.
Who is the customer?A customer is a client who places a request for a commodity, payments for such a product or service, and then receive it. The person who purchases a good or receives a service is known as a customer. A consumer is essentially the person who pays for the item or service.
In this situation, the wholesaler should buy the quantities in bulk that is being produced by the company and then divide the load into smaller quantity of 1000 unit or 10000 unit so that they can easily sell it to the customer and also benefit from the same and earn a profit from the same. Also, bulk buying can provide them with some offers.
Therefore, option A is the correct option.
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If motorcycles have elastic demand, how would a small increase in price affect demand for motorcycles?
Answers
Answer:not much
Explanation:
If it's elastic then i switchs