I want to buy a new car. My choices are a red convertible sports car or a full-size pick-up

The long-run aggregate supply curve a. is vertical. b. is a graphical representation of the classical dichotomy. c. indicates mo

Gennadij [26K]

Answer:

The correct answer is option d.

Explanation:

The long-run aggregate supply curve is a vertical straight line. This is because, in the long run, the output level is not affected by price changes. Instead, output level changes with the changes in the state of technology and level of inputs. In the long run, when price level increase, the factor prices or price of inputs will increase as well. So there will be no change in output due to the change in the price level.

The vertical long-run aggregate supply curve also reflects classical dichotomy that in the long run, when all the resources will be fully employed, an increase in the aggregate demand cause the price level to rise while supply remains constant.

It also indicates that monetary policy only affect the price level, the economic output remains constant.

7 0

3 years ago

If customer satisfaction is a criterion for decision making, then customer satisfaction

jonny [76]

I’m going to go with b. Will be considered in the decision making process.

I looked up the definition of criterion and it means a principle or standard which maybe judged or decided. It’s not the ONLY thing that’s required.

3 0

3 years ago

Read 2 more answers

Kasey changes jobs on a regular basis. She does this to secure better career growth opportunities and to decrease boredom. Kasey

topjm [15]

Answer:

The correct answer is letter "C": job hopping.

Explanation:

Job hopping refers to the act by which employees change from jobs frequently to avoid the boredom of working in the same place during long periods. Typically, this practice is repeated every one or two years and could be exercised when better job opportunities arise in the way.

3 0

3 years ago

A company has a net sales of 847000 and cost of goods sold of 561500. Its net income is 101200. The company's gross margin and o

SVETLANKA909090 [29]

Answer:

Gross profit margin = 33.7%

Operating expenses = $184,300

Explanation:

The gross margin is the percentage of sales value is earned as gross profit.

Gross profit = Sales - cost of goods sold

=847,000 -561,500 =$285,500

Gross profit margin = (Sales - cost of goods sold)/sales × 100

= (847,000 -561,500/847,000) × 100

= 33.7%

Operating expenses represent the amount of indirect cost expenditures which cannot be traced to the cost of the goods sold . This include administrative expenses like rent, insurance e.t.c

Operating expense = Gross profit - Net income

= (847,000 -561,500) - 101,200

= 184,300

5 0

3 years ago

The most effective audit procedure for determining the collectibility of an account receivable is the

Schach [20]

The utmost effective audit procedure for determining the collectability of an account receivable is the, review of the subsequent cash collections. Reviewing the subsequent cash collections speeds up the audit procedure to determine the collectability of an account receivable.

4 0

3 years ago