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1 year ago

10

If aggregate demand shifts to the left by $400 billion and aggregate supply is upward-sloping, then real output will decrease by

.

1 answer:

Reptile [31]1 year ago

7 0

Answer:

will decrease by $400 billion and the price level will fall

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Explain what happens when markets do not have enough competition.

MatroZZZ [7]

Answer:

The price will be higher and output lower in absence of competition.

Explanation:

When the market does not have enough competition, it provides a certain degree of market power to the existing producers. They are able to regulate prices and output.

It is likely that the suppliers will provide a fewer quantities of goods at a higher price, in order to maximize their profits. The socially optimal level of output will not be produced in the market.

The resources will not be efficiently allocated and deadweight loss will exist.

3 0

3 years ago

Sophia is an architect and she is trying to decide whether to hire Jacob, a draftsman, to assist with her work. Sophia could hir

Brrunno [24]

Answer:

b. Jacob should be hired at the $20 per hour wage rate

<u>Options</u>

a. Sophia should do the drafting work herself because she has the lower opportunity cost

b. Jacob should be hired at the $20 per hour wage rate

c. Sophia should not hire Jacob because it would be faster for her to do the work herself

d. Jacob should be hired, but only if he is paid more than $30 per hour

Explanation:

Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars

Thus, making convinient to hire it as there is a profit of 30 dollars.

We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.

4 0

3 years ago

what are the two factors that go into which item is thought of as bought first, etc., when choosing between several possible pur

ANTONII [103]

Answer:

Fifo

Explanation:

Because the stock that is bought first should be the one to be purchased first

8 0

2 years ago

Depreciating assets: a become more valuable over time. b become less valuable over time. c stay the same value. d none of the ab

NemiM [27]

Depreciating means to become less valuable over time, so I believe the correct answer is <span>b. become less valuable over time.</span>

6 0

2 years ago

Read 2 more answers

the deployment time of an airbag should be between 21 and 27 milliseconds and their current average is 22 milliseconds with a st

alekssr [168]

Answer:

4.00

Explanation:

Given:

Upper Specification Limit, USL = 27

Lower Specification Limit, LSL = 21

Mean = 22

Standard deviation, $\sigma$ = 0.25

Required:

Find the process capability index

First center the mean by taking the average of the LSL and USL.

$X = \frac{21 + 27}{2}$

$\frac{48}{2} = 24$

$X = 24$

Use formula below to find process capability index:

$C_p_i = min [(\frac{USL - X}{3*\sigma}), (\frac{X - LSL}{3*\sigma})]$

$C_p_i = min [(\frac{27 - 24}{3*0.25}), (\frac{24 - 21}{3*0.25})]$

$= min [(\frac{3}{0.75}), (\frac{3}{0.75})]$

$min [ (4.00), (4.00)]$

We are sullosed to take the minimum value, but since both values are equal, our process capability index will be 4.00

Therefore, the process capability index = 4.00

7 0

3 years ago