When the price of foreign inputs falls, the U.S. SRAS curve option (b)i.e, shifts rightward; which tends to reduce the U.S. price level.
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What is the SRAS curve?</h3>
We can understand how each firm in an economy reacts to price stickiness using the short-run aggregate supply curve (SRAS). The SRAS curve will have an upward slope when prices are stable. According to the SRAS curve, more output results from higher price levels.
The cost of labor, or wages, and the price of imported commodities that we use as inputs for other products are two other significant variables that may cause the SRAS curve to change in addition to energy prices.
A higher level of productivity causes the SRAS curve to move to the right because businesses can produce more output at all price points.
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Answer:
Wetlands are highly productive and biologically diverse systems that enhance water quality, control erosion, maintain stream flows, sequester carbon, and provide a home to at least one third of all threatened and endangered species. ... improve water quality. provide wildlife habitat. maintain ecosystem productivity.
Answer:
1. Cost to retail ratio = Cost of goods available for sale/ Retail value of goods available for sale
- Cost of goods available for sale = $430000 + $920000 + $62550 = $1412550
- Retail Value of goods available for sale = Retail value of inventory + Net Markup - Net Markdown = $565000 + $1340000 + $61000 - $31000 = $1935000
Cost to retail ratio = Cost of goods available for sale/Retail value of goods available for sale = ($1412550/$1935000)*100 = 73%
Sales value at retail = $1265000
So, Cost Of goods Sold = Sales Value at retail*Cost to retail ratio = $1265000*73% = $923,450
2. Ending Inventory Retail Value = Retail value of goods available for sale-Sales value at retail = $1935000 - $1265000 = $670,000
So, Cost of ending inventory = Ending inventory value at retail*Cost to retail ratio = $670000*73% = $489,100
Explanation:
Its part of the command economy