1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vovangra [49]
3 years ago
7

Indicate whether the scenarios would result in an increase, a decrease, or no change in the long-run aggregate supply (LRAS) cur

ve for a hypothetical economy. Each label may be used more than once.1. The mandatory retirement age in Wonkaland is abolished. 2. Wonkaland's main export is candy. Candy from this country increases in popularity as consumers all over the world want to buy Wonkalandian candy. 3. Since candy from Wonkaland has become an international sensation, factories in Wonkaland double the number of candy making machines. 4. The top candy companies in Wonkaland chose to relocate their means of production to other countries around the world.
Business
1 answer:
Anastaziya [24]3 years ago
4 0

Answer:

1. The mandatory retirement age in Wonkaland is abolished.

  • INCREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: greater use of labor

2. Wonkaland's main export is candy. Candy from this country increases in popularity as consumers all over the world want to buy Wonkalandian candy.

  • NO CHANGE IN THE LONG RUN AGGREGATE SUPPLY CURVE

3. Since candy from Wonkaland has become an international sensation, factories in Wonkaland double the number of candy making machines.

  • INCREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: greater use of capital investments

4. The top candy companies in Wonkaland chose to relocate their means of production to other countries around the world.

  • DECREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: lower use of capital investments

Explanation:

The long run aggregate supply curve is only affected by changes in capital, labor and technology. If the use of these factors increases, the LRAS curve will increase, if their use decreases, then the LRAS curve decreases.

You might be interested in
At the beginning of 2021, Terra Lumber Company purchased a timber tract from Boise Cantor for $3,510,000. After the timber is cl
V125BC [204]

Answer:

A. $279,000

B. $27,900

Explanation:

A. Calculation for 2021 depletion of the timber tract

2021 Depletion=[($3,510,000 - $720,000) / 6.2 million] *$620,000

2021 Depletion=0.45x 620,000

2021 Depletion= $279,000

Therefore 2021 depletion of the timber tract is $279,000

B. Calculation to determine the depreciation of the logging roads

Depreciation=($279,000 / 6.2 million)*$620,000 Depreciation= 0.073*$620,000

Depreciation= $27,900

Therefore the depreciation of the logging roads is $27,900

5 0
3 years ago
Eric randomly surveyed 150 adults from a certain city and asked which team in a contest they were rooting​ for, either north hig
max2010maxim [7]
Interval at 95% confidence = p+/- Z sqrt (p(1-p)/n)
Upper interval => 0.68=p+1.96 sqrt (p(1-p)/n)
Lower interval => 0.52=p-1.96 sqrt (p(1-p)/n)
Putting sqrt term to be "q"

0.68=p+1.96q
0.52=p-1.96q

Adding the two equations to solve for p (proportion of 150 adults rootng for North high school);
1.2 = 2p => p=0.6
6 0
3 years ago
Read 2 more answers
What two skills are important to a phlebotomist<br>​
Lisa [10]

Answer:

5 Qualities of a Phlebotomist

Compassion. A Phlebotomist's primary duty is drawing blood. ...

Detail-oriented. Phlebotomists must draw the correct vials of blood for the tests ordered, track vials of blood, and enter data into a database. ...

Hand–eye coordination. ...

Ability to Multitask. ...

Team Player.

Explanation:

etc

4 0
3 years ago
Read 2 more answers
One consequence of the misuse of PHI is disciplinary action up to and including termination of .
Anuta_ua [19.1K]
Sry I don't know the answer
8 0
3 years ago
Read 2 more answers
If a good is inferior, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the
Paul [167]

Answer:

b. decrease in the demand for the good. 

Explanation:

An inferior good is a good whose demand falls when income increases and rises when income decreases.

A decrease in demand would lead to a leftward shift of the demand curve.

Inferior goods contrasts to a normal good. A normal good is a good whose demand increases when income rises and falls when income reduces.

Only a change in the price of a good leads to movement along the demand curve for that good.

I hope my answer helps you

7 0
3 years ago
Other questions:
  • Technological disruption: a. mostly affects the new entrants. b. is a problem primarily in embryonic industries. c. is typically
    13·1 answer
  • The question - in your opinion, why do most economists oppose policies that restrict free trade or trade among nations
    6·1 answer
  • Emma has ben promoted to a managerial position where she manages fifty employees in a division that has a history of low product
    8·1 answer
  • Product mix width refers to the ________. A) number of versions offered for each product in the line B) ways in which the variou
    8·1 answer
  • Sox Corporation purchased a 30% interest in Hack Corporation for $ 1,725,000 on January 1, 2018. On November 1, 2018, Hack decla
    12·1 answer
  • Nicole Corporation's year-end 2017 balance sheet lists current assets of $741,000, fixed assets of $592,000, current liabilities
    12·1 answer
  • At December 31, 2019, the trial balance of Skysong Company contained the following amounts before adjustment Debit Credit Accoun
    11·1 answer
  • How a business handles money is called _____ risk.
    9·1 answer
  • When the consumer price index rises, the typical family.
    14·1 answer
  • marginal revenue for the perfectly competitive seller is blank price, whereas for the monopolist it is blank price
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!