Answer:
b) be more inelastic than supply curves that apply to longer periods of time.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply. In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
In the short run or in shorter time periods supply curves tend to be more inelastic than supply curves that apply to longer periods of time.
This ultimately implies that, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price), in the short run.
However, in the long-run or in longer time periods, supply curves tend to be fairly elastic than supply curves that apply to shorter periods of time.
Answer:
For the competitive firm marginal cost is $5. For the monopolist marginal cost is less than $5.
Explanation:
The price of the product of the competitive firm is $5. We know that a competitive firm is a price taker and produces at the point where the price is equal to the marginal cost of producing the last unit.
A monopolist, on the other hand, is a price maker. It produces at the level of output where the price is greater than the marginal cost of producing the last unit.
Answer:
The cost which will determine or estimate the technique used as a basis for requesting the funding to pay for the extra aircraft is the actual cost.
Explanation:
Actual cost is the cost or the actual expenditure made for acquiring the asset and it involves the expense of supplier invoiced and in addition to the cost to set up, test the asset and deliver.
So, both the Marine and the Army corps need to procure the additional helicopters beyond the numbers specified in contract. The actual cost will be used as basis for the funding to pay.
If weston mines has a cost of equity of 20.8 percent, a pretax cost of debt of 9.4 percent, and a wacc of 17.1 percent. ignore taxes. the equity-asset ratio is:0.48.
<h3>How to find the equity -asset ratio?</h3>
Given data:
Cost of equity = 20.8%
Pretax cost of debt = 9.4%
Wacc =17.1%
Hence,
Equity -asset ratio:
0.208=0.171 + [(0.171 - 0.094) ×E/A]
0.208 -0.171 = [(0.171 - 0.094) ×E/A]
0.037= 0.077 ×E/A
E/A = 0.037/0.077
E/A =0.48
Therefore the equity- asset ratio is 0.48.
Learn more about equity-asset ratio here:brainly.com/question/28138260
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Answer:
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Explanation:
