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2 years ago

In the long run the most important factor that shifts the aggregate supply curve is?

Business

1 answer:

Eddi Din [679]2 years ago

5 0

In the long run, the most important factor shifting the SRAS curve is productivity growth.

<h3>What do you mean by productivity growth?</h3>

Productivity—in economic terms—is how much output can be produced with a given quantity of labor. One measure of this is output per worker, or GDP per capita.

Since 1947, the U.S. corporate sector has been able to create nine times more goods and services with only a little increase in labor hours thanks to productivity gains. An economy may create and consume more goods and services for the same amount of effort when productivity is growing.

Productivity is a way of thinking and a condition of being. Being effective entails acting in every situation as we actively choose to and not as we feel pressured to by external factors. Being productive requires adopting a mindset of constant development.

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Suppose that when disposable income decreases by $2,000, consumption spending increases by $1500. Given this information, we kno

sdas [7]

Answer:

the marginal propensity to consume is 0.75

Explanation:

The computation of the marginal propensity to consume is shown below:

MPC = Change in consumption ÷Change in disposable income

where,

The Change in consumption is 1500

ANd, the Change in disposable income is 2000

So,

MPC is

= $1,500 ÷ $2,000

= 0.75

hence, the marginal propensity to consume is 0.75

4 0

3 years ago

In July 2012, a small chocolate factory receives a large order for chocolate bars to be delivered in November. The spot price fo

Anettt [7]

Answer:

$24,530, $23,530

Explanation:

Incomplete word "and if the spot price in September proves to be $2,300."

Note that Call options will be exercised only if the price on expiry is greater than strike price

Strike price = $2400

Premium paid = $53 for each contract, so the total premium paid = $530 for 10 contracts

CASE 1

Price = $2600

As price on expiry=2600 > Strike price=2400

Call option will be exercised.

Company will pay = $2400 * 10+530 = $24,530

CASE 2

Price = $2300

As price on expiry=2300 < Strike price=2400

Call option will not be exercised and will purchase from open market

Company will pay = $2300 * 10+530 = $23,530

4 0

3 years ago

There are numerous exceptions to the parol evidence rule, with perhaps the most common being when ________ evidence serves to cl

jeka94

The parol evidence rule has many exceptions, with possibly the most prevalent one being when oral evidence serves to clear up a(n) ambiguous part of an agreement.

More about the parol evidence rule:

The parol evidence rule is a principle of Anglo-American common law that controls the types of evidence that parties to a contract dispute may provide in an effort to ascertain the precise terms of the contract.

The parol evidence rule also prohibits parties who have reduced their agreement to a finalized written instrument from adding further evidence later on as proof of a different intent regarding the contract terms, such as the content of oral exchanges from earlier in the negotiation process.

Learn more about the parol evidence rule here:

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7 0

1 year ago

The two most common receivables are receivables and receivables.

Kobotan [32]

Accounts receivable and notes receivable

8 0

2 years ago

Compute and interpret the contribution margin ratio using the following data: sales, $5,000; total variable cost, $3,000.Interpr

Dmitriy789 [7]

Answer:

0.4 or 40%

Explanation:

The formula for Contribution Margin Ratio is:

[TS - TVC] / TS

Where TS = Total Sales

TVC = Total Variable Cost

Applying the formula,

[5,000 - 3,000] / 5,000 = 2000/5000 = 0.4

Turning this value to a percentage, 0.4 × 100 = 40%

The interpretation of this is that for every item sold, 40% of the sales price is available to cover fixed costs.

Remember: The addition of fixed cost to variable cost = total cost

7 0

3 years ago