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Alinara [238K]
3 years ago
15

Aggregate supply (AS) in the short run denotes the relationship between the __________________ that firms choose to produce and

sell and the _________________, holding the price of inputs fixed. Question 8 options: total inputs; types of goods total quantity of output; price level of output price of goods; number of employees type of goods; input price of raw materials
Business
1 answer:
docker41 [41]3 years ago
4 0

Answer:

Aggregate supply (AS) in the short run denotes the relationship between the <u>TOTAL QUANTITY OF OUTPUT</u> that firms choose to produce and sell and the <u>PRICE LEVEL OF OUTPUT</u>, holding the price of inputs fixed.

Explanation:

The short run aggregate supply (SRAS) curve shows the relationship between price level and total output. As the price level increases, total output increases. Since there is a direct relationship between price and quantity produced, the slope of the curve is always positive. In the short run there is always a least one fixed factor of production (it is generally capital).

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Alexxandr [17]

Answer: Debit to bad debt expense for $3580.

Explanation:

Based on the information given, the bad debt expense will be:

= Desired balance - Actual balance before adjustment

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Based on the above, the journal entry will be:

Debit Bad debt expense $3580

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8 0
3 years ago
The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. When demand is inelast
Bezzdna [24]

Answer:

The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. FALSE, the real effect of taxes is measured by the price elasticity of the demand and the supply.

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When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. FALSE, when the price elasticity of demand is elastic and the price elasticity of supply is inelastic, the burden of tax falls mainly on the suppliers.

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5 0
2 years ago
why do the regular meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "
Delicious77 [7]

Important meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "the war room" because that is where business strategies are discussed and formulated.

<h3>What is Business Strategy?</h3>

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Read more about business strategy here:
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3 years ago
Why are the incentives of a supplier the opposite of the incentives of a demander
antiseptic1488 [7]

Answer:

The incentives of a supplier are the opposite of the incentives of a demander because it is a relationship whose nature makes supply and demand inversely proportional to each other: the higher the supply, the lower the demand for each product and the lower its price; While the lower the supply, the greater the demand for each product and the higher its price. Thus, in many cases, suppliers seek to restrict supply to maximize profits, while demanders seek to lower prices through a greater quantity of goods offered.

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3 years ago
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