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3 years ago

When output increase, the PPC of the economy

1 answer:

8 0

Costs of production to firms will fall. Costs decrease, profits increase, so firms plan to produce more, therefore AS shifts right. As both the AD and AS curves shift outward (to the right), this will result in an increase in real output GDP which is economic growth.

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Halp! I need an answer right away<br> Thank you

garri49 [273]

Answer:

see below

Explanation:

Revenue is the money a business receives by engaging in its normal trading activities. It is the money paid to the business for selling goods or services to clients. For a business to be profitable, its revenues must exceed expenses.

If the business owner has revenue of $2000 and is finding it difficult to stay in business, it means the expenses are almost or more than $2000. Revenue, as stated, is generated from sales. Expenses refer to the costs incurred in generating revenue. They include the cost of materials, rent, wages, and all other business-related expenses.

When the expenses are more than revenue, the business suffers losses. This business owner is probably incurring losses; that's why they have a challenge in staying open.

7 0

2 years ago

Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budge

tresset_1 [31]

Answer:

Cost of Goods Manufactured = $1,797,100

Explanation:

Cost of Goods Sold Budget

for the Month Ending June 30

Particulars Amount ($) Amount ($)

Finished Goods Inventory $14,300

Work in process inventory $9,600 $23,900

Direct Materials:

Direct materials inventory $11,500

Direct materials purchases $1,372,500

Less: Direct material inventory June 30 $(12,700)

Cost of Direct materials in use: $1,371,300

Direct labor $164,700

Factory Overhead $247,100

Total Manufacturing Cost $1,807,000

Total work in process during period

less: work in process inventory June 30 $(9,900)

Cost of goods manufactured $1,797,100

5 0

2 years ago

Read 2 more answers

Dr. regan was hired by the siri company to assist them with retaining their employees without lowering profits and expectations.

Anestetic [448]

Dr. Regan was hired to help retain employees by the Siri corporation without losing money and expectations. He was the one who suggested that employees could decorate their work spaces and this would help employees feel more comfortable where they have to work 8 or more hours per day. This then helped the company by people not calling in and less people quit their jobs. Dr. Regan was most likely an industrial and organizational psychologist. Many companies hires these types of psychologists to help their employees with stress at work and to put employees at ease.

7 0

2 years ago

Michael Burda of Humboldt University in Germany and Daniel Hamermesh of the University of Texas examined how workers in the Unit

Aleks04 [339]

GDP is the sum of all final goods and services produced by an economy in a given period. In calculating GDP only the final goods and services that are traded are accounted for. Thus, household services that do not generate income are not accounted for in GDP, only productive activities. Therefore, in the long run the tendency is that the GDP analyzed by this issue will decrease, because when the unemployment rate increases, fewer workers will be employed in the productive sector. These people may substitute work for leisure or household chores, but this will not count in GDP.

3 0

2 years ago

A customer came to your department with an urgent question. You promised her that you would collect information about her questi

Firdavs [7]

Answer:

Ask your supervisor if you can be late for the meeting.

Explanation:

Customer is the most important aspect of any company because it is a person who buys goods and services from the store or a department. It is important to provide better quality, price, and services for making a healthier customer relationship.

Here, according to the given situation, a customer came to my shop for help. I asked her that I will give an answer by 20 minutes in between my supervisor planned a meeting. So, here the customer is important for us and in this case, I will go to my supervisor and will tell about customer urgent query and will ask for schedule the meeting later.

7 0

3 years ago