Not the place to be asking but at this point they are pretty well known.
Answer:
A. cost-plus regulation
Explanation:
When a local regulator calculates the average cost of production for the public water utility or any other service and allow an adjustment for the normal rate of profit the firm should expect to earn, and then set the price that consumers can be charged accordingly, this is known as cost-plus regulation.
It is usually carried out by the government.
Answer:
The SRAS curve will shift to the right.
Explanation:
A decline in nominal wages will reduce the cost of hiring labor. The overall cost of production will reduce as well. The firms will be able to increase production and investment.
This increase in production and investment will increase the aggregate supply. As a result, the short-run aggregate supply curve will move to the right. This will cause the equilibrium price to fall and the equilibrium quantity to increase.
The reciprocals of one another is the term that describes the relationship between the flow rate and the capacity of each labor resource that works in a process.
<h3>What is a flow rate in production?</h3>
Its means the amount of flow units such as a customers, money, goods going through the business process per unit time.
Hence, the flow rate and capacity of each labor resource are reciprocal because they work together in a process unit.
Read more about flow rate
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