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
Archy [21]
3 years ago
11

In the 1990s, the technology revolution caused the wide-spread use of information technology in all areas of production, thus im

proving productivity and lowering costs; illustrate the effect of this by shifting the aggregate supply (AS) curve in the appropriate direction.
Business
1 answer:
OverLord2011 [107]3 years ago
4 0

Answer: The aggregate supply curve would shift rightward.

Explanation: When there is a new technological breakthrough that enables a firm to produce at a much lower cost, the aggregate supply curve shifts to the right. During the 1960s Green Revolution when there was improved seeding on basic crops like wheat and rice, by early 1990s, rice and wheat in low-income countries had grown considerably significantly using the Green Revolution seeds; same applies to the harvest that doubled per acre. A technological breakthrough that improves production and reduces production cost would increase aggregate supply - shifts the supply curve to the right - so that more quantity would be produced at any given price.

You might be interested in
How much does it cost to drive up to boston from philadelphia?
matrenka [14]
Considering the gas and food about $250
7 0
3 years ago
Warren is a 16-year-old male who recently started to give away important possessions, stopped eating, and demonstrated general d
alexandr1967 [171]
Suspected suicide is what I'd say
6 0
3 years ago
Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
irinina [24]

Answer:

Option (a) is correct.

Explanation:

Alland can produce 32 units of food per person per year or 16 units of clothing per person per year:

Opportunity cost of producing a unit of food = (16 ÷ 32)

                                                                          = 0.5 units of clothing

Opportunity cost of producing a unit of clothing = (32 ÷ 16)

                                                                                = 2 units of food

Georgeland can produce 36 units of food per year or 18 units of clothing:

Opportunity cost of producing a unit of food = (18 ÷ 36)

                                                                          = 0.5 units of clothing

Opportunity cost of producing a unit of clothing = (36 ÷ 18)

                                                                                = 2 units of food

Therefore, the Georgeland has a absolute advantage in producing both the goods because it can produce more quantity of both the goods with the same resources as Alland. But the Georgeland has not having comparative advantage in producing either of the goods.

5 0
4 years ago
As a new employee in the​ organization, you are asked to produce a report on customer service issues. Which of the following mig
MakcuM [25]

Answer:

The correct answer is letter "B": An indirect​ approach, to convince the manager of the validity of your research​ technique, logic, and reasoning.

Explanation:

There are two forms of presenting formal reports. The direct report shows the central idea of the report at first and the supporting ideas at the end. This is more frequently used for business purposes. The indirect report portraits the supporting ideas or evidence at first and comes up with the central idea at the end.

<em>As a new employee presenting a report about customer service issues, it is better to select the indirect approach because by giving the supporting evidence at first, your manager will have the objective ideas clearly stated and is likely to understand why the new employee got to his or her conclusions. Some managers consider reporting the central ideas at first could be a signal of arrogance.</em>

8 0
4 years ago
The servers at Gerry Frasier's busy ice cream shop decided that putting more ice cream in the sundaes and cones would bring back
Mariana [72]
D is the correct answer 
5 0
3 years ago
Read 2 more answers
Other questions:
  • Redistributive philosophies
    8·1 answer
  • Accountants that have a certificate in public accounting (cpa):
    11·1 answer
  • The board was split over a fundamental question of the company's future direction, but Mr. Gillespie declared himself neutral in
    6·1 answer
  • A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri
    11·1 answer
  • How much will Molly’s monthly payment be?
    14·2 answers
  • John sees that his company's quarterly sales and profits are significantly above projections and says, "That's great. Let's keep
    7·1 answer
  • Kevin promises to pay Macarena, his daughter, $5,000 if she obtains her degree at Brookdale community College, where she is curr
    11·1 answer
  • Keynes believed that the best method for boosting an economy during a recession was to _____ a. increase money supply so that in
    12·1 answer
  • what is a withdrawal account classified as? (Asset, Liability,Owners equity,Revenue,or Expense account)
    11·1 answer
  • what is the reliationship between efficiency and effectiveness and how they impat the performance of organization
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!