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2 years ago

Aggregate demand curves slope downwards for each of the following reasons except

1 answer:

7 0

Reasons for an aggregate demand curve sloping downwards
1) Pigou's wealth effect - drop in the price level induces consumers to spend more, thereby increasing the aggregate demand.

2) Keynes's interest-rate effect - a drop in the price level decreases the interest rate, which increases the demand for investment and thereby increases aggregate demand.

3) Mundell-Fleming's exchange-rate effect. - price level drops, interest rates fall, domestic investment in foreign countries increases, the real exchange rate depreciates, net exports increases, and aggregate demand increases.

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Professor Smith and Professor Jones are going to produce a new introductory textbook. As true scientists, they have laid out the

stepan [7]

Answer:

(a) It will take Jones 25 hours to produce a finished book of 150 pages

(b) The marginal cost of the 150th page of the finished book is $4

The marginal cost of the 300th page of the finished book is $8

Explanation:

q= $S^{1/2}$ $J^{1/2}$ = $\sqrt{SJ}$

q = the number of pages in the finished book

S = the number of working hours spent by Smith

J = the number of hours spent working by Jones.

For first draft, smith works for 900 hours at $3 per working hour

q = $\sqrt{900J}$

q= $\sqrt{900}$ × $\sqrt{J}$

q = 30 × $\sqrt{J}$

$\frac{q}{30}$ = $\sqrt{J}$ , squaring both sides we have,

( $\frac{q}{30}$ )² = J

(a) Since Jones has to produce a book of 150 pages and Smith worked 900 hours on it,

q = 150, S = 900 , J = ?

J = ( $\frac{150}{30}$ )² = 5²

J = 25

Therefore, it would take 25 hours for Jones to produce a book of 150 pages.

(b) ( $\frac{q}{30}$ )² = J

Since Smith worked for 900 hours at $3 per working hour, his total cost of work is = 900 × $3 = $2,700.

Jones total cost of work at $12 per working hour = $12J

Total cost of work, C = $2,700 + $12J

C = $2,700 + $12( $\frac{q}{30}$ )²

Marginal cost, MC = $\frac{dC}{dq}$

= $\frac{d}{dq}$ [$2,700 + $12( $\frac{q}{30}$ )²]

= $\frac{4q}{150}$

if q = 150, MC = $\frac{4*150}{150}$

= $4

if q = 300, MC = $\frac{4*300}{150}$ = $8

6 0

2 years ago

You are asked to complete the weekly StrongPak Scan. It contains several loose pills, unwanted bulk chemicals, and expired amber

satela [25.4K]

Answer:

If you have not been trained to process damages / final disposition items and you need to dispose of Front Store items that may be considered hazardous waste, you must contact the Manager-on-Duty.

If you have been trained and assigned, you should be able to read product labels to determine if a product may be considered hazardous waste when scanning.

Moreso, if in doubt and If someone is not available to answer your question about a waste, you should immediately place the item in a StrongPak self-sealing bag and set it aside in the damages processing area until a properly trained person can make a hazardous waste determination.

Every drug sales outlet uses a waste management program to properly manage hazardous waste until it is picked up by Stericycle for disposal at a licensed facility.

Also, check for the 2 x 2 Returns Window, to determine if an expired bottle of a drug could be returned.

6 0

1 year ago

Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest). (First mean high

Firlakuza [10]

Answer:

Ahmed's ranking is Third (Lowest Taxable Income)

Baker's ranking is Second

Chin's ranking is First (Highest Taxable Income)

Explanation:

In order to determine the rankings, lets compute each taxpayer's taxable income by making the necessary deductions as applicable. Taxable income calculated for each taxpayer below in serial order. Before we calculate, lets have an idea of how deductions are made.

AGI is defined as the adjusted gross income which is calculated as an individual's gross income minus the expenses that qualify as deductible. These expenses include the likes of contributions to the IRA, payment of interest on student loans, alimony payments, contributions to self-employment insurance, moving expenses, some business related expenses pertaining to educators, artists etc, and some rental expenses associated with a business activity. Therefore, intuitively, we can see that a taxpayer with the highest amount of deductions for AGI would benefit the most when calculating taxable income.

Itemized deductions are expenses that a taxpayer can incorporate to lower their taxable income by reducing their adjusted gross income (AGI). These include certain medical expenses, markup on house loans and charities. Taxpayer's can chose between either opting to deduct itemized expenses or standard deductions which is a fixed deduction allowed under tax law. Obviously, a taxpayer would go for the deduction amount which is the highest. Standard deduction is $ 5,950. Therefore, among the taxpayer's, the one with the highest amount of itemized deductions would benefit the most.

Lets calculate taxable income now.

(1) Ahmed

Gross Income: 80,000

Less Deduction for AGI: (8,000)

Adjusted Gross Income: 72,000

Less higher of itemized deduction or standard deduction: (5,950)

Taxable Income: 66,050

(2) Baker:

Gross Income: 80,000

Less Deduction for AGI: (4,000)

Adjusted Gross Income: 76,000

Less higher of itemized deduction or standard deduction: (5,950)

Taxable Income: 70,050

(3) Chin:

Gross Income: 80,000

Less Deduction for AGI: (0)

Adjust Gross Income: 80,000

Less higher of itemized deduction of standard deduction: (8,000)

Taxable Income: 72,000

As we can see from the above, since Ahmed has the highest deductions for AGI he has the lowed adjusted gross income. He can then take use of the fact that he can deduct a standard deduction of 5,950 (while not having any itemized deductions) to further lower his taxable income.

Chin did not have an deductions for AGI which made his taxable income the highest.

Note: Taxpayers can also deduct personal and dependency deductions but these have been excluded in the context of the question based on the assumption that these deductions have either not been made or would be equal for all three taxpayers. The answer would not be affected in either case.

5 0

1 year ago

A cell phone company has launched a new cell phone with advanced features. Which promotional strategy would be the best for the

ludmilkaskok [199]

Answer:

C. Place advertisements on social media

Explanation:

The promotional strategy that would be best suited for a new cell phone with advanced features is advertisment on social media because it is meant for targeted audience.

Although radio advertisement covers a wider range of audience, social media advertisement will be the best for the above scenario because it covers targeted audience and also perspective buyers would like to see sample of those features which will not be possible in radio advertisement.

There are various social media platforms like Instagrams, linkedln etc where these products can be advertised and the advanced features seen by targeted audience before placing an order.

6 0

2 years ago

Read 2 more answers

In his job, Damon often identifies causes of problems with telecommunication equipment. Which is most likely his employer?

Nonamiya [84]

Answer:

B) a local cable company

Explanation:

A local cable company provides communication services using underground cables. Service offed by a cable company includes televisions, internet connectivity, and telephone services. Such a company needs communication equipment to facilitate signal and message transmission.

Damien repairs communication equipment. He probably works for a local cable company.

7 0

1 year ago