If long run aggregate supply (LRAS) is vertical, the statements that must be true is: Aggregate demand does not affect the quantity of output.
<h3>What is aggregate supply?</h3>
Aggregate supply can be defined as the amount of goods or product a firm is expected to produce and sell or made available to buyers at a particular period of time.
Hence, assuming aggregate supply is vertical, aggregate demand which is the amount of goods buyers are willing to buy will not not affect the quantity of output or goods produced.
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Answer:
The unit costs for materials is $1.62 per unit
The unit costs of conversion costs is $2.13 per unit
Explanation:
In determining the the unit production costs for materials and conversion costs, it is very important to calculate equivalent number of units applicable to materials as well as the one applicable to conversion costs
Equivalent units for materials
Completed units 40000 @100% complete 40000
Ending inventory [email protected] 100% complete <u>20000</u>
<u>60000</u>
Equivalent units for conversion costs
Completed units [email protected]% 40000
Ending inventory 20000 @ 30% complete <u>6000</u>
<u>46000</u>
unit production costs of materials=$96960/60000=$1.62 per unit
unit production costs of conversion costs=$97860/46000=$2.13 per unit
Answer:
Loss leader strategy
Explanation:
A loss leader is a strategy in which an item or administration that is offered at a value that is not beneficial, yet it is offered to pull in new clients or to offer extra items and administrations to those clients. Loss leading is a typical practice when a business first enters a market. Basically, a loss leader informs new clients with an assistance or item in the desire for building a client base and verifying future repeating income.
Answer:
433 units
Explanation:
Information related to production costs are missing, so I looked for it. I found the following:
current sales price = $17
current fixed costs = $7,242
new labor costs per unit = $2.60, which results in a $0.50 increase
new direct materials cost per unit = $5.82, which results in a $1 decrease
total variable costs per unit = $8.42
Baldwin plans to pass 50% of the changes in costs to its customers:
- Increase $0.25 due to higher labor costs
- decrease $0.50 due to lower materials costs
- net change = -$0.25
new sales price = $17 - $0.25 = $16.75
contribution margin per unit = $16.75 - $8.42 = $8.33
break even point in units = total fixed costs / contribution margin per unit = $7,242 / $16.75 = 432.36 = 433 units
Answer:
D. A smaller chance to pursue other interest.
Explanation:
Opprotunity cost is when you give up something to gain something else. So by joining the school choir you are giving up the opprotunity to pursue another elective such as Art or Science club.
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