
Above is the answer of question 1 with
background information.
Question 1 Which of the following has been defined as an economic resource of production? Money...
please answer all
Question 22 2.5 pts Which of the following will not cause the supply curve to shift? A technological change in the production of the good A change in the prices of other goods that producers could be producing A change in the costs of resources needed to produce the good A change in the price of the good 2.5 pts Question 23 A fall in the price of milk, used in the production of ice cream, will:...
please answer letters D, E and F
Question 1 The economy of Home has 1,000 workers. Each day, workers have the opportunity to produce snowboards or cake. The marginal product of labor for snowboards is 25 per day and the marginal product of labor for cake is 10 per day. Consider these the initial technological levels for Home. For each part, give specific numerical answers and label graphs (slopes and intercepts) wherever possible. (d) Suppose that the Home economy begins...
Please show me the calculation too, because I want to learn.
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Question 32 1 pts Cake Creations incurred the following costs (in alphabetical order) during 2020 related to making its famous chocolate mousse cake: Administrative costs $ 2000 Advertising costs 1000 Direct materials purchased 8000 Cake Bakers wages 20 000 Factory equipment depreciation 1000 Factory rent 5000 Indirect labour 3000 Indirect materials 2000 In addition, the following information is also available: Beginning Ending Direct materials $ 2 000...
Requirements 1-4
You have been invited to participate in an accounting competition. Your team will be making a presentation to Michelle and Vishayla who are sister's-in-law who have recently opened a bakery specializing in cakes. They realized their love of baking after they married brothers, Josh and Cody. For a few years they created cakes for family and friends. The demand for their cakes had grown to the point where they could no longer use their kitchens as their "bakery."...
Consider two points on the production possibilities frontier point X, at which there are 100 cars and 78 trucks, an point Y, at which there are 90 cars and 70 trucks. If the economy is currently at point X the opportunity cost of moving to point Y is? a. 12 cars. b. I trucks. c. 10 cars. d. 79 trucks. e, none of the above. 12. The production possibilities frontier represents the possible combinations of two goods that an economy...
2.5 pts Question 15 Which of the following is a positive economic statement? The government should close Income tax loop Everyone should live at the same standard of living If the price of mine rises, a smaller quantity of it will be bought. U.S.forms should not be allowed to outsource production of goods and services. 2.5 pts Question 16 Suppose the economy is at a short-run equilibrium GDP that lies below potential GDR Which of the following will occur because...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
4 pts Question 20 The National Bureau of Economic Research (NBER) is the organization that determines the official start and end dates of a recession. This week, the NBER announced that the US has officially entered a recession starting after February 2020, ending the longest expansion on record that started in June 2009 (the previous longest expansion from 1991 to 2001 was 8 months shorter). right before the Great Recession According to the NBER, December 2007 was the business cycle...
QUESTION 16 Which of the following is NOT part of the first big economic question? A. What goods and services are produced? B. For whom are goods and services produced? C. How are goods and services produced? D. Why are goods and services produced? 3.0304 points QUESTION 17 A person has a comparative advantage in producing a particular good is that person A. Has higher productivity in producing it than anyone else has. B. Has less desire to consume...
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Requirements: 1) Calculate the cost per cake 2) Create a budgeted Traditional Income Statement and a Contribution Income Statement 3) Calculate the breakeven point in dollars 4) Calculate a target profit in dollars for a profit of $125,000 Task 2 They believe it will cost them $250,000 to purchase the land near Fort Lee and to build a bakery and storefront. Your task is: 1) Calculate Return on Investment if the expected increase in net income, due to...