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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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Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's

forsale [732]

Answer:

Comet's E&P will decrease by $50,000 due to the exchange.

Explanation:

50 of Pam's shares are worth 50 x $1,000 = $50,000, since the corporation is redeeming them, it will do so by decreasing its earnings and profits (retained earnings account).

Generally when larger corporations buy back stocks (AKA treasury stocks), they will credit cash and debit treasury stocks, but since Pam's stocks are being retired, they are not going to be held as treasury stocks, therefore E&P must decrease.

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3 years ago

Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product kn

makvit [3.9K]

Answer:

Customer-focused compensation strategy

Explanation:

Customer-focused compensation strategy is the rating system where the employees are rated based on the way customers are being serviced. In this scenario, Mich Inc. is rating its employees on their friendliness, usefulness, and product knowledge, so the compensation strategy followed by Mich is closely described as a customer-focused strategy.

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3 years ago

For Tax Year 2019, amounts are indexed using the Chained Consumer Price Index for All Urban Consumers ("chained CPI"). What impa

Effectus [21]

Answer:

d. Using the chained CPI will not have a notable impact on 2019 tax returns.

Explanation:

when amounts are indexed using the chanined consumer price index, they increase slowly because there is a period to period connection in the consumer price index.

Therefore, The use of the chained consumer price index would have not have any significant impact on 2019 tax returns.

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3 years ago

Copy equipment was acquired at the beginning of the year at a cost of $56,000 that has an estimated residual value of $8,000 and

sergeinik [125]

Answer:

Results are below.

Explanation:

The depreciable cost is the result of deducting from the purchase price the salvage value:

Depreciable cost= 56,000 - 8,000

Depreciable cost= $48,000

The depreciable rate is the depreciation that the asset suffers in one year express as a percentage:

Depreciation rate= 1/5 = 0.2 or 20% per year

Finally, the units of production depreciation for the first year:

Annual depreciation= [(original cost - salvage value)/useful life of production in copies]*number of copies

Annual depreciation= (48,000/1,000,000)*240,000

Annual depreciation= 0.048*240,000

Annual depreciation= $11,520

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3 years ago

producers often make minor changes in products and advertise them as new and improved. Why do they take this action?

aliya0001 [1]

Answer:

To combat decreasing marginal utility.

Explanation:

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3 years ago