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mrs_skeptik [129]
1 year ago
6

In the neoclassical model, the as curve shifts to the right over time as_______________________ and potential gdp expands.

Business
1 answer:
Zepler [3.9K]1 year ago
8 0

In the neoclassical model, the as curve shifts to the right over time as productivity increases and potential GDP expands.

Potential GDP is the theoretical component where labor and capital are at the highest sustainable rates (i.e. H. at rates consistent with steady growth and steady inflation.

Potential is the maximum ideal output of an economy with a high GDP and maintaining currency and product price stability. Gross Domestic Product (GDP) is the amount of output that an economy could produce given a constant rate of inflation, but the price of rising inflation causes an economy to temporarily produce above its potential level of production. maybe performed.

Learn more about potential GDP here: brainly.com/question/13824314

#SPJ4

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During its first year of operations, Silverman Company paid $10,285 for direct materials and $9,800 for production workers' wage
Salsk061 [2.6K]

Answer:

D.$3,950

Explanation:

Production = ($10,285 + $9,800 + $8,800) ÷ 5,450units

=$28,885÷5,450 units

= $5.3per unit

COGS = 3,300 units sold × $5.3 per unit

= $17,490

Net income = Revenue − Cost of goods sold − Selling and administrative expenses

Net income = (3,300 units × $7.80 per unit) − (3,300 units sold × $5.3per unit) − $4,300

=(25,740-17,490)-$4,300

= 8,250-$4300

=$3,950

Therefore Silverman's net income for the first year in operation is $3,950

4 0
2 years ago
Which of the following statements is correct?
Eddi Din [679]

Answer:

The correct answer is D

Explanation:

Under the periodic inventory system, the companies evaluate the COGS (Cost of goods sold) at the end of the accounting year or the fiscal period. And the details of the goods on hand which are not available, in this system.

And under the perpetual inventory system, this offer better control over the inventories rather than the periodic inventory system. And this system requires the COGS (Cost of goods sold) to be acknowledged at the time of sale and it contain the more accurate value of goods on hand.

Therefore, the statement which is correct is that the perpetual inventory system, offer better control over inventories.

5 0
3 years ago
Louis owns an import business. After traveling to France on numerous occasions, he developed a taste for fine French wines. A ra
Tamiku [17]

Answer:

B. French wines will become more expensive in the United States.

Explanation:

Exchange rate is the rate at which one currency can be exchanged for another during international trade. The strength of a currency determines how much of the other countrie's goods it can purchase.

When the strength of a countrie's currency is high it will purchase more of the other countrie's goods. If however the currency is weak, it will take more to buy the other countrie's goods.

In this case if the dollar falls against the euro, it will take more dollars to buy French wine than before.

For example if a bottle of French wine was $500, after the fall the price may now be $800.

3 0
3 years ago
In 3-4 sentences describe how economic liberty helps water the "money tree" in a free enterprise.
il63 [147K]

Answer:

It helps giving you the ability to choose what you think is best for your business

Explanation:

Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).

What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.

Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?

That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.

6 0
3 years ago
A _____ is a form of business ownership that is considered to be separate from its owners or stockholders.
Yuliya22 [10]
I think it's freelance but I could be completely wrong
8 0
3 years ago
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