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puteri [66]
2 years ago
15

A schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each po

ssible price level is called
Business
1 answer:
Wittaler [7]2 years ago
7 0

Aggregate demand is a schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level.

<h3>What is Aggregate demand?</h3>
  • Refers to the summation of goods and services that an economy produced at an available price.
  • Aggregate demand is concerned with the finished goods in an economy
  • Government expnses on education funding for example increases aggregate demand.

Hence, we can conclude that aggregate demand is a schedule or curve that shows the amount of a nation's output (real GDP) that buyers collectively desire to purchase at each possible price level.

Learn more about aggregate demand here : brainly.com/question/25749867

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Omega Custom Cabinets produces and sells custom bathroom vanities. The firm has determined that if it hires 10 workers, it can p
adell [148]

Answer:the correct answer is A. For the 11th worker, the marginal profit is $600.

Explanation:

10 men             20  vanities per week

11   men            22 vanities per week

1 man more       2 vanities more

If the company uses 1 man more produces 2 vanities more, so the company spends $1000 on the extra man and makes 2*$800= $1,600 (for two extra vanities). For the 11th worker, the marginal profit is = $1600-$1000= $600

6 0
3 years ago
After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased shar
Crank

Answer:

The correct answer is letter "D": Price will increase, and quantity will increase.

Explanation:

If a natural disaster cuts the supply for water in a region, bottled water will face an <em>increase in its quantity demanded</em> as a substitute. Besides, due to scarcity, the bottled water is likely to face an increase in its price, thus, the <em>equilibrium price of bottled water increases</em>.

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What is dumping?
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