Answer:
The total supply can be found by adding individual supply functions as follows:
Qa+Qb = Q
Q = -2+p+0.5p
Q= -2+1.5p where p = $44 therefore;
Q= -2+1.5(44)
Q= 64
Total supply at p = $15
Q= -2+15(1.5)
Q= 20.5
The answer is $100. The consumer surplus is $100 because that is the difference between what Anna has set as her ceiling for the purchase of the bicycle, $500, and then subtracted by the amount that she actually does pay, $400, that difference is what is referred to as consumer surplus. What the consumer is mentally committed to paying minus what the consumer actually pays.
The long-run collective supply curve shifts right if productivity increases or the price of key inputs decrease. It makes the combination of the lower inflation, higher output and lower unemployment.
<h3 /><h3>What is aggregate supply?</h3>
Aggregate supply is also called total output, it is the total production of the goods and services within an economy at the overall price at the given period.
The main two elements of aggregate supply are consumption and saving. The sum up of the national supply is the consumption expenditure and savings.
Thus, The long-run collective supply curve shifts right if productivity
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Answer:
D. Enterprise application integration middleware
Explanation:
Answer:
its cost is least in terms of alternative goods that might otherwise be produced
Explanation:
Comparative Advantage
This is simply explained as when an individual has an opportunity cost of performing a task is lower than the other individuals opportunity cost that is it is more efficient. It is the usual fundamental basis for international trade. Its principle includes production at a maximum peak to be achieved if each individual focus on the job or activities for which his or her opportunity cost is lowest.
Opportunity Cost
This is simply known as the highest valued of an alternative that must be given up so as to be involved or engage in an activity/job or task. There are several sources of a comparative advantage. They includes;
1. Climate and natural resources
2. Relative abundance of labor and capital
3. Technology
4. External economies etc.
