Answer:
unplanned inventory accumulation equals -$200 billion.
Explanation:
As we know that
Unplanned inventory equals to
= Real GDP - aggregate expenditures
= 600 billion - 800 billion
= -$200 billion
It shows a difference between the real GDP and the aggregate expenditure
Since the real GDP is less than the aggregate expenditure, so the unplanned inventory should come in negative amount else it comes in a positive amount
Answer:
PED = 0.67 inelastic demand
you should not lower the price of the book
Explanation:
the midpoint formula for calculating price elasticity of demand = {(Q2 - Q1) / [(Q2 + Q1) / 2]} / {(P2 - P1) / [(P2 + P1) / 2]}
PED = {(50 - 40) / [(50 + 40) / 2]} / {(25 - 35) / [(25 + 35) / 2]} = [10 / (90 / 2)] / [-10 / (60 / 2)] = (10 / 45) / (-10 / 30) = 0.222 / -0.333 = 0.67
the PED = 0.67 which means that the demand is inelastic
if you lower the price of the book, the increase in number of books sold will be proportionally lower than decrease in price, so you will lose money by doing that.
Gross profit shows how much money you made in relation to the cost of goods sold, this calculation is very important when you need to know wether a product is profitable or not. Net profit also substracts the expenses (building machinery,etc).
I believe the answer is D. update the records
<h2>Answer</h2>
Shifts outwards
<h3>Explanation</h3>
An outward shift in the economy's production possibilities curve reflects that a capital formation has been achieved or the economy has benefited from technological advancement. This results in increased resources available within the economy and hence positively impact the supply curve of the company allowing the aggregate supply to either elongate or shift outward, later of the option has higher probability to occur.
