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e-lub [12.9K]
2 years ago
6

IE 9-3 ... AS/AD Model – Suppose this economy was momentarily at Full Employment, but has now experienced a continuation of the

RIGHT shifting AD caused by increased "G" spending . If the Price Level increases to $2.34, then Real Production GDP will have increased to $5200 b and ______ people will have gained jobs. In the Business Cycle the economy will have moved from Point "x" toward Point _________ .
Business
1 answer:
11111nata11111 [884]2 years ago
4 0

Suppose this economy was momentarily at Full Employment, but has now experienced a continuation of the RIGHT shifting AD caused by increased "G" spending . If the Price Level increases to $2.34, then Real Production GDP will have increased to $5200 b and 2 million people will have gained jobs. In the Business Cycle the economy will have moved from Point "x" toward Point y.

Explanation:

The AD-AS model (Aggregate production aggregate) demonstrates national income calculation and price level adjustments.

This shows how various events will change in two of our major macroeconomic indicators: Actual GDP and inflation.

  • Label all equilibrium in the axis, the interior
  • The positioning of LRAS provides important economic information, for example, if the efficiency of balance is on the left side of the LRAS, the economy is in recession.
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A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume
Alinara [238K]

Answer:

Marginal Revenue Product=150

Marginal Resource Cost= 100

Explanation:

Marginal revenue product (MRP) is the change in total revenue that results from a unit change of some type of variable input.

Marginal Revenue Product= Revenue Change

/Additional Input

Marginal resource cost (MRC) is the change in total cost that results from a unit change of some type of variable input.

Marginal Resource Cost= Cost Change

/Additional Input

In this situation we must calculate the change of revenues (MRP) and cost (MRC) when we add a new vehicle.  

We are increasing our delivery fleet in 1 unit

First calculate the change in total revenue

Total revenue= 1,500 packages * $0.10 in revenue=150

Marginal Revenue Product=$150/1=150

The Cost change is $100,

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2 years ago
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vlada-n [284]

Answer:

False

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Presented below is selected information for three regional divisions of Medina Company.
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Answer:

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South division:

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Why do people donate to charitable organizations? Choose three answers.
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1 year ago
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