Answer:
D. decreases initially and then is horizontal.
Explanation:
A horizontal long run average cost curve reflects increase in cost proportionate to output, so the firm's long run average cost curve will fall initially and then become horizontal.
Variable costs.
Hope that helps, Good luck! (:
Answer and Explanation:
The computation is shown below:
The Price level in the normal case
= Money supply ÷ Real GDP × Velocity
= $6,000 ÷ 10,000 units × $5
= $3
Now in the case when the money supply doubled i.e $12,000
So, the price level is
= Money supply ÷ Real GDP × Velocity
= $12,000 ÷ 10,000 units × $5
= $6
When the money supply doubles, the price level is also doubled that indicated the direct relationship between the price level and money supply
Answer:
Find explanation below.
Explanation:
A branch plan is the contingency plan. It is chosen when planning for future possible occurrences. A Sequel plan on the other hand is made based on the outcome of the main plan. Therefore, a Sequel plan is made depending on whether the main plan was successful or unsuccessful.
Examples of Branch plan decisions:
- A plan to dispatch military forces to aid a fight in another country.
- Reassigning military personnel to another location.
Examples of Sequel plan decisions:
- A plan to begin administering relief operations.
- A plan to return to normal mode of operation, perhaps after a successful war.