Answer:
b shift both sras and lras
Explanation:
factor of production are the resourced that are the building blocks of the economy they are four in number labor ,land, capital,entrepreneurship these factors influence the growth of production.
the sras or short run aggregate supply curve it represents a short-run relationship between price level and output supplied.higher level of productivity will curve sras level to right.
lras a curve that shows the relationship between price level and real GDP that would be supplied if all prices, including nominal wages, were fully flexible;this curve also shipts to right.
conclusion: the factor of production influences both curve short run aggregate supply curve and long run aggregate supply .
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The opportunity cost for producing 1 unit of apparel is higher for China, therefore China should produce apparel and the US should produce chemicals.
<h3>What is opportunity cost?</h3>
It should be noted that opportunity cost simply means the real cost of forgone alternative.
Without trade, China was producing 64000 units of apparel and 32 tons of chemicals. After specialization, China produces 144000 of apparel and US produces 144 tons of chemicals.
The gains from trade will be:
= 144000 - 64000
= 80000 apparels
The tons of chemicals will be:
= 144 - 32
= 112 tons of chemicals.
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Answer:
556.6 or 557 units
Explanation:
Given that,
Digby's sales forecast for Dixie = 506 units
Digby wants to have an extra units on hand above and beyond their forecast = 10%
Production units = Sales × (1 + Reserve Percentage)
= 506 × (1 + 10%)
= 506 × 110%
= 556.6 or 557 units
Therefore, the Dixie's will produce 557 units in order to have a 10% reserve of units available for sale.
