Answer: b.point that total sales equals total costs
Explanation:
The Cost-Volume-Profit chart shows the relationship between total costs, volume of goods produced, sales and profit. This chart is very useful as it can show the effect that a change in one variable can have on the others.
The point where the sales line and the total costs line intersect is the point <em>where total sales equal total costs</em>. This point is the break-even point and after this point the company begins to make profits but before this point, the company is making losses.
Answer: The correct procedure is to “debit cash over and short for $43”.
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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Answer:
In the first situation would you rather be a borrower
In the second situation would you rather be a lender
Explanation:
For the first situation you as a borrower you want the lowest Real Interest rate (2%)
For the second situation you as a lender you want the highest Real interest rate (3%)