Opening export markets. suppose a foreign country, which originally prevented the u. s. from exporting to them, opens their market and u. s. firms start to make a considerable volume of sales in this case, aggregate demand will:
a. increase because exports are directly related to shifts in aggregate demand.
b. increase because exports are part of aggregate supply.
c. decrease because exports are indirectly related to shifts in aggregate demand
d. not change since consumption expenditures will fall by an equal amount

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Principals are an administration career

Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.