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3 years ago

If improvements occur with any of the four factors of production what occurs with the real output?

Business

1 answer:

hammer [34]3 years ago

7 0

Answer:

c. it shifts to the right

Explanation:

Output refers to the total production in the economy. It is equivalent to the total quantity of goods and services supplied in the economy per period. The total output is equivalent to the aggregate supply. Therefore, the output curve will behave as the aggregate supply curve.

Favorable economic conditions increase the total output by firms. Improvement in factors of production will have the same effect as improvement in technology or reduction in taxes. A fall in the price of outputs will encourage more firms to produce more, making the curve to shift to the right.

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Incline Company generated $4,900,000 in revenue selling 4,025 units of its only product. Each unit has a contribution margin of

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Answer:

23%

Explanation:

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2 years ago

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Answer:

61,500 units

Explanation:

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budgeted production 47,050 58,800 63,150

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3 years ago

You have the following information on Olivia's Bridle Shop: total liabilities and equity = $65 million, current liabilities = $1

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Answer:

Total Fixed Assets = 20 million

Explanation:

Total liabilities and equity = $65 million

Current liabilities = $10 million

Inventory = $15 million

Quick ratio = 3 times.

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Total liabilities and equity = Total Assets

65 Million = Total Fixed Assets + Total Current Assets

65 Million = Total Fixed Assets + 45 million

Total Fixed Assets = 65 million - 45 million

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3 x $10 Million = Total Current Assets - 15 million

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2 years ago

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There are 16 bits in two bytes

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