Answer: If a sample of items is taken and the mean of the sample is outside the control limits the process is:
a. out of control and the cause should be established.
Explanation: Due to the fact that the sample is outside the control limit, it is out of control and the cause should be established.
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The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon stock of productive factors. The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.
In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis. For the products with greater elastic supply, the supply curve is shallower near to horizontal factors, whereas for products with less elastic supply, the supply curve is steeper the closer to vertical.
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