Answer: Equilibrium price rises.
Explanation:
(a) Pen and pencil are substitute goods. So, if the price of pencil increases the demand for pens increases which shifts the demand curve rightwards and hence, equilibrium price rises.
(b) There is a direct relationship between the income of an individual and demand for normal goods. If there is an increase in the income of the consumer as a result demand also increases which increases the equilibrium prices.
(c) Writing in ink becomes fashionable, people expect the price of pens to rise in the near future and the population increaseswill lead to increases the demand for pens which which shifts the demand curve rightwards and hence, equilibrium price rises.
(d) Wages of pen-makers increase will increase the cost of production and hence increases the equilibrium price of pens.
c. competition
b. technology
d. consumer needsProduction costs are determined not only by the prices of inputs, but also by _______.
a. intangibles
c. competition
b. technology
d. consumer needs
Answer: decrease which shifts aggregate demand left
Explanation:
Net exports is calculated when the value of a nation's total imports is deducted from the value of the nation's total exports.
When the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports decrease which shifts aggregate demand left. This is because due to the appreciation, goods that are made in other countries, that's the import will become cheaper and import rises while export reduces.
Answer:the Dow
Explanation: grad point
Consumption
Investment
Government purchases
Exports
Imports
Select all that apply:
1. Beth gets a new video camera made in the United States.
2. Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
3. Andrew's employer upgrades all of its computer systems using U.S.-made parts.
4. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
5. Andrew buys a sweater made in Guatemala.
Categories of following expenditure transactions are,
1 ) Beth gets a new video camera made in the United States - Consumption
2 ) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website - Exports
3 ) Andrew's employer upgrades all of its computer systems using U.S.-made parts - Investment
4 ) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore - Government purchases
5 ) Andrew buys a sweater made in Guatemala - Imports
For calculating U.S. GDP, following transactions are the part of,
a) Beth gets a new video camera made in the United States.
It is a part of Consumption, as it is related to the purchase of a final good by an individual for personal use.
b) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
It is part of the Exports, as it involves the sale of a U.S. product to a foreign country (Sweden), which is considered an export.
c) Andrew's employer upgrades all of its computer systems using U.S.-made parts.
It is part of Investment, because it involves the purchase of capital goods (computer systems) by a business for productive purposes.
d) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
It is a part of Government purchases, because it involves government spending on infrastructure.
Andrew buys a sweater made in Guatemala.
It is part of Imports, purchase of a foreign-made good (from Guatemala) by a U.S. resident, and thus it is considered an import.
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The Complete Question is,
Categories of expenditures Andrew and Beth Trimble live in Swarthmore, PA. Beth's father, Darnell, lives in Sweden.
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
a) Beth gets a new video camera made in the United States.
b) Beth's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
c) Andrew's employer upgrades all of its computer systems using U.S.-made parts.
d) The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
e) Andrew buys a sweater made in Guatemala.
Answer:
3
Explanation:
The computer sytems relates to the US. GDP
Answer:
$417 A.
It is an adverse variance.
Explanation:
Fixed factory overhead volume variance is the difference between budgeted output at 100% normal capacity and actual production volume multiplied by standard fixed overhead cost per unit.
Formula
Fixed factory overhead volume variance = (budgeted standard hours for 100% normal capacity - Actual standard output hours) × standard fixed overhead cost per unit.
Calculation
Since 5900 units of a product was produced in 3.546 standard hours per unit, total actual standard hour is therefore;
= 5900×3.546
=20,921 hours
Overhead cost per unit = $1.10 per hour
Hours at 100% normal capacity = 21,300 hours.
Recall the formula for fixed factory overhead volume variance is =(budgeted standard hours for 100% normal output- actual standard output hours)× standard fixed overhead per unit.
Therefore;
Fixed factory overhead volume variance =(21,300 hours - 20,921 hours)× $1.10
=379 hours × $1.10
=$417 A
It is therefore an adverse variance.