In Vintland, wild-caught oysters are being replaced with farmed oysters, which have fewer negative effects and many more significant benefits. However, the production efficiency of farmed oysters has driven down the price of oysters so significantly that wild-caught oysters can no longer compete. After six months, everybody has switched to the cheaper and better farmed oysters. Please select the choice below that best describes the short-run effects of this industrial change on Vintland's GDP and its standard of living. Assume that Vintland consumes the same quantity of oysters now as they did six months ago. A. GDP increases and standard of living decreases
B. GDP decreases and standard of living increases
C. GDP and standard of living both decrease
D. GDP and standard of living both increase
E. There is not enough information to answer the question

The u.s. stock market has returned an average of about 9% per year since 1900. this return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year. if you invest $100,000 and you earn 6% a year on it, how much real purchasing power will you have in 30 years?

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?