Business, 09.03.2021 18:30 pattydixon6
For the following questions answer whether supply will increase (shifting of curve to right) or decrease (shifting of curve to left) or not at all. In addition, give your reason for your answer by referencing one of the supply shifters (technology, number of producers/suppliers), natural conditions, cost of resources/inputs, expectations of future price, Government policy), if applicable.
EXAMPLE: Headline- "Nintendo decides to get out of the video game market and stop producing video games". How would this affect the supply of Video Games?
ANSWER: Supply of video games would go down (Supply Curve Shifts Left) because of the NUMBER OF PRODUCERS. In this case there will less companies making video games, which means less supply
4. Headline- “New machines increase the speed of making computer chips, making them cheaper.” How will this headline affect the supply curve for computers? Why?
5. Headline- “Huge oil spill in the Gulf” How will this headline affect the supply curve for shrimp? Why?
6. Headline- “Government votes to pass new cigarette tax.” How will this headline affect the supply curve for cigarettes? Why?
7. Headline- “Gresham sees a decrease in drive through coffee shops.” How will this headline affect the supply curve for coffee? Why?
8. Headline- “Prices of oil at an all time high, expected to lower next year.” How will this headline affect the supply curve for gasoline? Why?
9. Headline- “Government approves subsidy to pay farmers to help produce produce corn.” How will this headline affect the supply curve for corn? Why?
10. Headline- “New machines increase the speed of making computers.” How will this headline affect the supply curve for computers? Why?
Answers: 1
Business, 21.06.2019 20:40
On december 31, 2011, daggett company issued $750,000 of ten-year, 9% bonds payable for $700,353, yielding an effective interest rate of 10%. interest is payable semiannually on june 30 and december 31. prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on june 30, 2012, and (c) the semiannual interest payment and discount amortization on december 31, 2012. round amounts to the nearest dollar.
Answers: 2
Business, 22.06.2019 14:00
Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.
Answers: 2
Business, 22.06.2019 22:10
Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800
Answers: 1
For the following questions answer whether supply will increase (shifting of curve to right) or decr...
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