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2 years ago

All else being equal, a decrease in ________ would shift the long-run aggregate supply curve (lras) to the left.

1 answer:

8 0

The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.

alterations in the overall supply

The aggregate supply/demand model illustrates the macroeconomic interactions between total supply and total demand as well as the factors that influence either total supply or total demand for the economy.

The aggregate supply curve moves to the right when productivity increases or the cost of necessary inputs lowers, allowing for a combination of lower inflation, increased production, and less unemployment.

The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.

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4 years ago

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3 years ago

The period manufacturing costs of a company is comprised of $2,000,000 in direct materials, $1,000,000 in direct labor, and $500

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Answer:

The Direct material cost per unit is = 285.714 per unit

The Direct labor per unit is= 142.857 per unit

The Overhead cost per unit is = 71.4285 per unit

Explanation:

Solution

We recall that:

The total direct material= $2000000

The total direct labor= $1000000

The units in products = 7000 units

The total Overheads= $500000

Now,

The direct materials on machinery is = $ 800,000(40%)

The direct labor on machinery is= $ 600,000(60 %)

The machinery on overheard is = $ 250,000(50 %)

The direct materials on assembly is = $ 1200,000

The Direct labor on assembly is = $ 400,000

The Overhead on assembly is = $ 250,000

Thus,

The hybrid manufacturing cost statement is represented or shown below

Particular Machinery (40%)in $ Assembly (60%)in $ Total in $

Now,

Particular = Direct material,

Machinery (40%)in $ = 800000

Assembly 60% in $ = 1200000

Total in $ =2000000

Grand total = 1650000

Particular = labor

Machinery (40%)in $ = 600000

Assembly 60% in $ = 400000

Total in $ = 1000000

Grand total = 1850000

Particulars = Overhead

Machinery (40%)in $ =250000

Assembly 60% in $ = 250000

Total in $ = 500000

Grand total = 3500000

Thus,

The Direct material cost per unit = 2000000/7000 = 285.714 per unit

The Direct labor per unit = 1000000/700 = 142.857 per unit

The Overhead cost per unit = 500000/7 = 71.4285 per unit

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3 years ago