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3 years ago

Aggregate supply is best described as the

Business

1 answer:

VladimirAG [237]3 years ago

5 0

Answer:

Total output of all products and services.

Explanation:

Aggregate supply is defined as the total amount of goods and services that firms are willing to sell, at a specific price, within a particular economy.

Aggregate supply is a macroeconomic concept, an aggregate variable, that is used in Keynesian and Neoclassical economics, often in models that put it together with aggregate demand, in what is known as the Aggregate Supply-Aggregate Demand model (AS-AD model).

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Lopez Corporation incurred the following costs while manufacturing its product.

grandymaker [24]

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product $124,260

Depreciation on plant $69,650

Property taxes on plant $21,750

Labor costs of assembly-line $120,570

Factory supplies used $25,810

Total $362,040

therefore,

Cost of goods manufactured = $13,700 + $362,040 - $17,590 = $358,150

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3 years ago

Which of the following criteria is most descriptive of a private liberal arts college?

Harlamova29_29 [7]

For the answer to the question which of the following criteria is most descriptive of a private liberal arts college. The answer is multiple choice letter <span>D. Personal attention from instructors in smaller classes.

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3 years ago

Read 2 more answers

Price Per Unit Quantity Supplied Quantity Demanded $10 100 295 11 150 275 12 190 250 13 220 220 14 245 180 15 265 135 If a techn

Contact [7]

Answer:

$12

Explanation:

Equilibrium price is price at the point where quantity supplied equals the quantity demanded.

Please check the attached image for a table showing how equilibrium was found

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3 years ago

During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a r

MAXImum [283]

Answer:

Answer for the question:

During the beginning of the 21st century, the growth in computer sales declined for the first time in almost two decades. As a result, PC makers dramatically reduced their orders of computer chips from Intel and other vendors. In general, the environment in which computer manufacturers operate is very uncertain; how should we expect this feature of the market to affect the length of contracts between computer manufacturers and their hardware manufacturers?

is given in the attachment.

Explanation:

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3 years ago

Which is the BEST definition of marginal benefit?

Liono4ka [1.6K]

Answer:

the possible income from producing an additional item.

Explanation:

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2 years ago