Talia, a project manager, estimates that a project will take a year to complete. She gets the estimation approved, although it i
1 answer:
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Answer: A - nominal wages are slow to adjust to changing economic conditions
Explanation:
In the short run, the costs of many of the factors used in the production process are fixed. For example labours wage is fixed for a number of years because of labour contracts. Also the raw materials used in the production process have long term agreements that fix their prices.
As a result of factors of production been fixed in the short run, when general price level rises and the cost of production remains constant, profit also rises.
Firms take advantage of this rise in price and increase production and the quantity of aggregate supply increases. This is why the short run aggregate supply curve is upward sloping.
Answer:
77.48 units
Explanation:
Data provided in the questions
Annual demand = 395 units
Ordering cost = $38
Holding cost per unit per year = $5
The computation of the economic order quantity is shown below:
= 77.48 units
hence, the economic order quantity is 77.48 units
We simply applied the above formula so that approximate units could come. And it always expressed in units
Answer:
$530,672
Explanation:
Base on the scenario been described in the question, we can use the following method to compute the avoidable interest on this project
Use the attached file below to find the solution to given problem .
