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lyudmila [28]
3 years ago
14

If the price level and the money wage rate rise by the same​ percentage, the quantity of real gdp supplied​ ______ and there is

a movement up along the​ ______ aggregate supply curve.
Business
1 answer:
Juliette [100K]3 years ago
4 0

<span>There is no change in the quantity of real GDP supplied and a movement occurs up along the</span> economy's supply schedule in the long‐run that is the Long-run Aggregate Supply (LAS) curve if the price level and the money wage rise by the same percentage.

 





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Japan has the ability to produce either 10,000 televisions or 5,000 cars in a day. The United States has the ability to produce
lisabon 2012 [21]

Answer:

<h2>The United States has the comparative advantage in car production.</h2>

Explanation:

  • Japan has a lower opportunity cost of producing televisions compared to cars, implying that Japan basically has to give up or sacrifice or trade off relatively less number of cars to produce one more television compared to the production of one more car.
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3 years ago
2. Simplify the following<br><br><br><img src="https://tex.z-dn.net/?f=%20%28%5Cfrac%7B1%7D%7Ba%7D%20%20-%20%20%5Cfrac%7B1%7D%7B
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3 years ago
Time Again LLC produces and sells a mantel clock for $150.00 per unit. In​ 2017, 43,000 clocks were produced and 36,000 were sol
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Answer:

Unitary cost= $118

Explanation:

Giving the following information:

Production= 43,000

Direct materials $43.00 per unit

Direct manufacturing labor $8.00 per unit

Variable manufacturing costs $4.00 per unit

Fixed manufacturing costs $63.00 per unit

<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary cost= 43 + 8 + 4 + 63

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On January​ 1, 2018,​ Jordan, Inc. acquired a machine for $ 1,000,000. The estimated useful life of the asset is five years. Res
klemol [59]

Answer:

Annual depreciation=$188,000

Explanation:

Giving the following information:

Purchasing price= $1,000,000

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To calculate the depreciation expense under the straight-line method, we need to use the following formula:

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