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1 year ago

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

Business

1 answer:

Eddi Din [679]1 year 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.

Learn more about productivity growth here

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e Company incurs cost of $35.70 per unit, of which?19.94 is variable, to make a product that normally sells for $58.16. A foreig

DanielleElmas [232]

Answer:

The order results in an incremental net income of $69,278 therefore accept

Explanation:

Consider the Incremental Costs and Revenues arising from this decision.

Since Maize has sufficient excess operating capacity, fixed costs are irrelevant for this decision.

Sales (6,400 units ×$31.76) 203,264

Variable Costs (6,400 units ×$19.94) (127,616)

Logo and Shipping Costs (6,400 units ×$1.00) (6,400)

Net Income 69,248

The order results in an incremental net income of $69,278 therefore accept

4 0

3 years ago

The demand for all carbonated beverages is likely to be ________ the demand for dr. pepper. more elastic than perfectly elastic

Alona [7]

Less elastic than the demand for dr. pepper.

7 0

3 years ago

Real Cool produces two different models of air conditioners. The company produces the mechanical systems in their components dep

brilliants [131]

Answer:

1. Plantwide Overhead Rate $ 220.06 per machine hour

Total Cost per Unit= Model 145 $ 555.96 per unit

Total cost per unit = Model 212 $ 616.94 per unit

Profit (loss) Model 145 219.04

Loss Model 212 (26.94)

Explanation:

Real Cool

Process Activity Overhead Cost Driver Quantity

Components

Changeover $452,000 Number of batches 750

Machining 300,200 Machine hours 7,640

Setups 229,000 Number of setups 40

$981,200

Finishing

Welding $180,100 Welding hours 3,600

Inspecting 231,000 Number of inspections 850

Rework 81,250 Rework orders 210

$472,350

Support

Purchasing $136,500 Purchase orders 480

Providing space 30,300 Number of units 4,500

Providing utilities 50,910 Number of units 4,500

$227,710

Additional production information concerning its two product lines follows.

Model 145 Model 212

Units produced 1,500 3,000

Welding hours 1,400 2,200

Batches 375 375

Number of inspections 610 340

Machine hours 2,290 6,350

Setups 20 20

Rework orders 80 130

Purchase orders 320 160

We find the plantwide overhead rate by dividing the total overhead with the total machine hours.

1. Plantwide Overhead Rate= Total Factory Overhead/ Total Machine Hours

Plantwide Overhead Rate= $981,200+ $472,350+$227,710/7640

= 1681260/7640= $ 220.06 per machine hour

We multiply the machine hours of each model to get the overhead .

2. Cost of Model 145

Materials and Labor = $220 *1500= $330,000

Overhead = $220.06 *2290= $503,937.4

Total Cost = $83,3937.4

Total Cost per Unit= $83,3937.4/1500= $ 555.96 per unit

Cost Of Model 212

Materials and Labor = $150 *3000= $ 450,000

Overhead = $220.06 *6350= $ 1400,810

Total Cost = $ 1850810

Total cost per unit = $ 1850810/ 3000= $ 616.94 per unit

We find the profit or loss by subtracting the mfg cost from the market value.

3. Model 145 Model 212

Market Price $775 $590

Manufacturing Cost ($555.96) ($616.94)

Profit (loss) 219.04 (26.94)

6 0

3 years ago

Which of the following contracts would not be governed by the UCC? a. a contract for dentures b. a contract for the purchase of

Drupady [299]

Answer:A contract for debentures.

Explanation:UCC( uniform commercial code) is code system which governs commercial activities in the United States of America. It was established in the year 1957,this code has been adopted by all the States,the district of Columbia and all the territories of the United States of America. It is aimed at Ensuring harmony in practice of sales,contracts and other trade and commercial activities with the United States of America.

The contract for debentures are not governed by UCC.

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2 years ago

You are working as a correctional officer. Your boss pulls you aside and discusses with you how you handled a situation with an

DedPeter [7]

Your boss is providing very helpful type of criticism, and gives you some of the suggestions on how to improve next time.

Constructive Criticism is the answer/

3 0

3 years ago