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Kitty [74]
3 years ago
6

The long-run aggregate supply curve is vertical:

Business
1 answer:
IceJOKER [234]3 years ago
7 0

Answer: Option(c) is correct.

Explanation:

The long run aggregate supply(LRAS) curve is vertical as resource prices eventually rise and fall with product prices.

When there is an increase in the price level of the output, so in the long run this will also result in an increases in the prices of the factors of production.

Hence, aggregate supply curve in the long run is vertical.

Vertical LRAS also shows that whatever change happen in the aggregate demand has a temporary impact on the level of output. Factors such as capital, labor, technology impact the LRAS because it was assumed that everything is used optimally.    

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If A, B, and C are three activities connected with SS and FF (combination) relationships with no lags, their durations are 5, 10
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Answer:

10 days

Explanation:

The Critical Path Method is a method of managing activities in a project so as to maximize time. In the case of A, B and C activities, since they are connected with the same start-to-start and finish-to-finish, it means that the activities are linked and as such the duration of the project is 10 days since the last activity will take 10 days to finish.

The implication between SS and FF in the activities means that they start up at the same time in the CPM and while activity A ends at 5 days, C proceeds to 10 days.

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8 0
2 years ago
Carol manages the cafeteria at Mercy hospital. On an average month, Carol serves 18,000 meals. Her total monthly variable and fi
Snowcat [4.5K]

Answer:

a. Carol's transfer price is $6 per meal if she only recovers the variable costs.

b. $13,5 per meal

c. $27000 or a loss of $1.5 per meal.

d. The cost of the cafeteria should be charged to the user departments so that the actual profit or loss from each department can be valued

Explanation:

a. Variable costs = $108000 for 18000 meals.

Variable cost per meal = 108000 / 18000 = $6

Carol's transfer price is $6 per meal if she only recovers the variable costs.

b. If carol were to recover the full cost then the transfer price = Total cost / no. of meals

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= (18000 x 12) - (108000 + 135000)

= $27000 or a loss of $1.5 per meal.

d. The cost of the cafeteria should be charged to the user departments so that the actual profit or loss from each department can be valued.

This information is useful to the hospital management in knowing the actual costs of the meals consumed in the various departments and how the cost cutting measures can be implemented based on the cost of the different departments.

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Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't mean the
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