______ are wave-like oscillations in demand about the trend line caused by changes in economic or business cycles or due to changes in political conditions.
a. Cyclical variations
b. Seasonal variations
c. Irregular variations
d. Random variations
a. Cyclical variations
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An economy has fifty households, all of which have incomes of $25,000 each in period 2. The twenty-five poor households have incomes of $10,000 each in period 1, while the twenty-five rich households have incomes of $20,000 each in period 1. Assume that the price of the good is $1 in both periods. Suppose that each household decides that its consumption in period 1 will equal 50 percent of the present value of its income from both periods.
a.Calculate the present value of income for poor households as a function of the interest rate. Calculate the amount that poor households will spend on consumption, as a function of the interest rate. Calculate the amount that poor households will save as a function of the real interest rate. Show your work. b.Calculate the present value of income for rich households as a function of the interest rate. Calculate the amount that rich households will spend on consumption, as a function of the interest rate. Calculate the amount that rich households will save as a function of the real interest rate. Show your work. c.Given the equations you calculated for savings for each type of household and assuming that the households borrow from each other, find the equilibrium value of the interest rate. Show your work. What will be an ideal response?
The presentation of merchandise inventory and cost of goods sold in the financial statements of merchandising companies most nearly resembles the presentation of __________ inventory and cost of goods sold in the financial statements of manufacturing companies
a. materials b. finished goods c. manufacturing supplies d. work in process
Team members who have dissimilar expertise from their teammates are more likely to exhibit creativity when the team as a whole engages in
Which of the following is true of a network organization?
A. A network organization lacks the market responsiveness of the product structure. B. A network organization is a single firm in which jobs are specialized and grouped according to business functions. C. In a network organization, managers within the organization interact closely with members outside it. D. In a network organization, the technical specialization of the functional structure is absent. E. A network organization limits the amount of information shared between its members.