<h3>LRAS curve is vertical due to the rate of inflation does not impact real GDP
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Explanation:
The long-run aggregate supply curve (LRAS) is vertical because the rate of inflation does not impact real GDP's long-run determinants, which include supplies of labor, capital, and natural resources. It is simply applying the classical dichotomy and monetary neutrality.
The long-run aggregate supply curve at potential GDP is vertical, which is the amount of GDP reached when the economy operates in full employment. It is expected that GDP will always reach this level in the long run as the economy is driven by full employment, as it is a level that is realistic and long-term sustainable.
Answer:
$1.75 and $4,500
Explanation:
The computation of the fixed cost and the variable cost per unit by using high low method is shown below:
Variable cost per unit = (High total cost - low total cost) ÷ (High unit produced - low unit produced)
= ($74,500 - $36,000) ÷ (40,000 units - 18,000 units )
= $38,500 ÷ 22,000 units
= $1.75 per unit
Now the fixed cost equal to
= High total cost - (High units produced × Variable cost per unit)
= $74,500 - (40,000 units × $1.75)
= $74,500 - $70,000
= $4,500
We simply applied the above formulas
Answer:
noisy, dusty, cramped, dangeroues
Explanation:
just did on edugunity
Answer:
It's the end of the world Economy as they say .. we are going threw a serious crisis but this virus was been around just wasn't as bad .
Explanation:
