The effect of a decline in taxes on the level of income will differ somewhat from an increase in government expenditures of the same amount because a. tax declines tend to be more expansionary b. households may not spend all of an increase in disposable income. c. the mpc that applies to the incomes of households always exceeds the mpc that applies to business incomes. d. the multiplier is high when the mps is low.

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g