All categories

1 year ago

In countries that have high minimum wages and require a lengthy and costly process to get permission to open a business.

1 answer:

7 0

The long-run aggregate supply curve would shift to the right if countries with high minimum wages and lengthy and expensive procedures for obtaining business licenses were to lower both the minimum wage and these requirements.

<h3>In the long run, what happens to the aggregate supply?</h3>

Because it is vertical in nature, the traditional long-run aggregate supply does not shift with the price level. This is because, in the long run, businesses do not alter their output because resources adjust to the price change.

<h3>Why does the aggregate supply curve change over time?</h3>

Changes in the variables that have an effect on an economy's potential output are the only things that can cause the long-run aggregate supply curve to change. Changes in technology, capital, natural resources, and labor are all factors that alter the aggregate supply over the long term.

To learn more about long-run aggregate supply curve here

brainly.com/question/27064601

#SPJ1

You might be interested in

Flapjack Corporation had 7,680 actual direct labor hours at an actual rate of $12.45 per hour. Original production had been budg

Mashutka [201]

Answer:

Labour time (efficiency) variance = $9,984 unfavorable

Explanation:

<em>The labour time variance is the dollar value of the difference between the standard time allowed for the actual output produced and the actual time used.</em>

Hours

Standard hours ( 960 units × 7.2 hours ) = 6,912

Actual hours <u>7,680</u>

Time variance 768 Unfavorable

× standard labour rate <u>× $13</u>

Variance <u> $9,984 </u>Unfavorable

3 0

3 years ago

Serendipity Inc. is re-evaluating its debt level. Its current capital structure consists of 80% debt and 20% common equity, its

Dmitriy789 [7]

Answer:

8.76%

Explanation:

Using the CAPM formula:

Ke = Rf + Beta Factor * Risk premium

Here

Rf is 5%,

Beta Factor is 1.6

And

Risk Premium is 6%

By putting values, we have:

Ke = 5% + 1.6 * 6%

Ke = 14.6%

Now we will find new firm's cost of equity under 40% debt by simply multiplying it with the equity percentage:

Weighted Cost of Equity = 14.6% * 60% = 8.76%

8 0

3 years ago

When looking to finance higher education, what is the best order to look for funding sources? AGrants/Scholarships - Federal Stu

tatyana61 [14]

The answer should be A, as grants and scholarships are easier to attain

7 0

3 years ago

Producer surplus equals a. Value to buyers - Costs of sellers. b. Amount received by sellers - Costs of sellers. c. Value to buy

aev [14]

Answer:

Amount received by sellers - Costs of sellers.

Explanation:

Producer surplus is the difference between the price of a good and the cost to sellers. It is the difference between price and the least amount sellers would be willing to sell their products.

Consumer surplus is the difference between the price at which the consumer values the good and the price of the good.

Consumer surplus = Value to buyers - Amount paid by buyers.

I hope my answer helps you

5 0

3 years ago

John borrows $100 dollars from ed. They agree that john will pay back the loan in two months at a rate of 10 percent monthly. If

ludmilkaskok [199]

Since john pays back the amount of $120, then, the interest is known as Simple interest.

The Simple interest is the easiest method of calculating an interest rate on a loan.

However, the compound interest is entails interest derived on a loan based on initial principal and the accumulated interest over period of time

Hence, since john pays back the amount of $120, then, the interest is known as Simple interest because the interest is not accumulated.

Read more about this here

<em>brainly.com/question/7508525</em>

6 0

2 years ago