Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).
A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.
What is short run and long run aggregate supply?
The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.
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Answer:
Instructions are below.
Explanation:
Giving the following information:
Kenton:
Instructors= $6,100
Denton:
Instructors= $305 per student
A) Sellin price= $347
Kenton:
Sales= 347*20= 6,940
Fixed costs= (6,100)
Net operating income= 840
Denton:
Sales= 6,940
Variable costs= 20*305= (6,100)
Net operating income= 840
B) Sellin price= $227
Kenton:
Sales= 227*40= 9,080
Fixed costs= (6,100)
Net operating income= 2,980
C) Sellin price= $227
Denton:
Sales= 9,080
Variable costs= 40*305= (12,200)
Net operating income= (3,120)
D) Sellin price= $347
Kenton:
Sales= 347*13= 4,511
Fixed costs= (6,100)
Net operating income= (1,589)
Denton:
Sales= 4,511
Variable costs= 13*305= (3,965)
Net operating income= 546
Answer: norming
Explanation:
The third stage of a group development model is regarded to as the norming stage. The norming stage is the stage whereby members or teammates start appreciating the strengths that are possessed by each other in the team.
At this stage, there is resolution of conflicts and establishment of leadership positions. Here, everyone is happy with their roles.
This company which is considering how robust the data might be, but might also involve it auditors to examine the technology in place to gather the data itself is using an integrated audit to address its concerns. An integrated audit considers information technology, financial and operational controls as mutually dependent for establishing an effective and efficient internal control environment.
