All categories

3 years ago

An increase in the costs of resources or inputs of production would shift the ________.

Business

1 answer:

nadya68 [22]3 years ago

5 0

Answer:

C. short-run aggregate supply curve leftward

Explanation:

When the cost of production or inputs of production increase the short run supply curve shifts left because the producers are now willing to sell less at the same price because it is more expensive for them to produce, so at every price the production decreases because of which the supply curve shifts left. The long run supply curve isn't affected by an increase in costs of resources because it is the potential of the economy and an increase in costs of does not change the potential of the economy.

You might be interested in

What vehicle looks the same coming or going

masya89 [10]

1958 Zundapp Janus 250

7 0

3 years ago

Trout farming is a perfectly competitive industry and all trout farms have the same cost curves.

Diano4ka-milaya [45]

Answer:

(i) The farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units

(ii) The farm cannot cover its revenue using its total variable cost, therefore the farm will shut down

(iii) The two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200)

Explanation:

(i)According to given data, When output is 200 but price is $20, this price is equal to ATC, so the farm breaks even. But since this price is higher than AVC of $15, the farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units.

(ii) When output is 200 but price is $12, this price is equal to ATC, so the farm makes economic loss. Also, this price is lower than AVC of $15, so the farm cannot cover its revenue using its total variable cost, therefore the farm will shut down.

(iii) The farm's supply curve is the portion of its Marginal cost (MC) curve above the minimum point of AVC. Since price equals MC, the two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200).

4 0

3 years ago

I need them both awnsered loL

densk [106]

1. is true, and the 2. is false

3 0

3 years ago

When computing yield to maturity, the implicit reinvestment assumption is that the interest payments are reinvested at the:

Vlad1618 [11]

Answer:

The remaining part of the question is:

The interest payments are reinvested at the:

a.Coupon rate.

b.Current yield.

c.Yield to maturity at the time of the investment.

d.Prevailing yield to maturity at the time interest payments are received.

e.The average yield to maturity throughout the investment period

Correct Answer:

b.Current yield.

Explanation:

7 0

3 years ago

olsan Technologies had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,

Effectus [21]

Answer:

$1,901,385

Explanation:

First unit produced by lambda took 5,000 hours to produce and required $30,000 worth of materials and equipment usage.

The second unit took 4,500 hours and used $24,000 worth of materials and equipment usage.

learning rate = time needed to produce second unit / time needed to produce first unit = 4,500 hours / 5,000 hours = 90%

materials and equipment usage rate = $24,000 / $30,000 = 80%

using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:

Olsan's accumulated cost for producing 20 more guidance controls

work hours = 4,500 x 14.61 (90% and 20 units) x $25 per hour = $1,643,625
materials and equipment = $24,000 x 10.74 (95% and 20 units) = $257,760
total = $1,901,385

5 0

2 years ago