The Long-Run Aggregate Supply curve represents the full employment capacity of the economy and depends on the amount of resources available for production and the available technology.
<h3>What is Long-Run Aggregate Supply Curve?</h3>
The Long-Run Aggregate Supply (LRAS) Curve depicts the relationship between price level and real GDP that would exist if all prices, including nominal wages, were completely flexible. Along the LRAS, prices can move, but production cannot since it represents the output of full employment.
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Answer:
Neither project should be chosen
Explanation:
Given that
Each project cost of capital is 12%
The IRR of project A is 11.4%
And, the IRR of project B is 11.1%
As we can see that the cost of capital of each project with their internal rate of return so no project should be selected
Therefore the above statement represent an answer
The same should be relevant
There are different aspect of management. The development of this strategy falls under the planning function of management.
<h3>What is the planning function of management?</h3>
Planning is simply known to be a function of management that entails putting out objectives and knowing the right course of action to achieving the stated objectives.
Planning often needs managers to be very much aware of environmental conditions that faces their organization and predict future conditions.
Conclusively, principles of management is grouped into the four major functions such as;
- Planning,
- Organizing
- Leading
- Controlling
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The individual stockholders face limited liability in the form of money
The trial balance would disagree. It seems that the cash should be credited instead as the situation seems to me that the cash is being expended to pay for the equipment, and the remaining 3500 is liabilities. Therefore, the error should be corrected.
