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2 years ago

Aggregate supply is represented as a schedule or curve showing the relationship between the nation's

1 answer:

4 0

Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.

The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.

In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.

The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.

Usually, the level of prices and total supply have a positive connection.

Demand growth or decline has the biggest impact on short-term changes in aggregate supply.

New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.

Learn more about aggregate supply:

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It is estimated that the average cost of a single field sales call on a business customer is about __________, factoring in sale

bearhunter [10]

The answer to this question is an amount equal to or more likely "$350.00". Hence when it is estimated that the average cost of single field sales calls on a business or the establishment customer is about an amount of $350.00, factoring in sales the people or worker's compensation, benefits, and the travel-and-entertainment expenses.

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3 years ago

Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000. All sales are o

irakobra [83]

Answer:

Total= $65,100

Explanation:

Giving the following information:

Wells Company reports the following sales forecast: September, $55,000; October, $66,000; and November, $80,000.

Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible.

Cash collection November:

November= 80,000*0.25= 20,000

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Total= $65,100

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4 years ago

Suppose buyers of rackets and tennis balls regard the two goods as complements. then an increase in the price of rackets will ca

oksian1 [2.3K]

Answer: decrease in demand for rackets and a decrease in quantity supplied of tennis balls. I hope this helps!!

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2 years ago

Wilson Corporation sells an industrial solvent at a normal selling price of $100 per barrel. The variable cost per barrel is $40

Ivenika [448]

Answer:

$ 90000

Explanation:

Given :

The normal selling price of an industrial solvent by Wilson Corporation = $ 100 per barrel.

The variable cost per barrel = $ 40

Total fixed cost of the company = $ 900,000 per month.

Number of barrels in excess = 30,000 per month

Number of barrels the buyer wants to buy = 5000 barrels

New fixed cost = $ 60,000

The increased variable cost is $ 10 per barrel over the normal variable cost.

Now if this special order is accepted, the operating income of the company would increase by an amount of $ 90,000.

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3 years ago

economic systems from the most government involvement in the economy to least government involvement.

Mademuasel [1]

Explanation:

In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.

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3 years ago