Answer:
The amount requested of an item or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.
Explanation:
have a nice day!
If you work after high school, you will be giving up your college education as well as an extra $400,000 over your lifetime. If you go to college, you will miss the work experience after high school, as well as extra money in your pocket early on.
Answer:
B) The SRAS curve will shift to the right, and the short‐run Phillips curve will shift downward.
Explanation:
When the price of key inputs decreases, then the short-run aggregate supply (SRAS) curve shifts to the right, generally resulting in higher production levels (higher supply) due to lower production costs. On the other hand, when the price of key inputs increases, then the SRAS curve shifts to the left.
When inflation expectations decrease or SRAS curve shifts to the right, the short-run Phillips curve shifts to the left.
Answer:
add 200 shillings to the book balance
Answer:
Complete the following statements: <u>THEORETICAL CAPACITY</u> would result in the largest production volume variance; <u>NONE OF THE CAPACITY CHOICES</u> would result in a favorable production volume variance.
a. theoretical capacity; none of the capacity choices
Explanation:
production volume variance = (actual unit quantity manufactured - budgeted unit quantity manufactured) x budgeted cost per unit
(actual production - theoretical capacity) x budgeted cost per unit = (250,000 - 275,000) x budgeted cost = 25,000 x budgeted cost
None of the capacity choices would result in a favorable variance because actual production was lower than all of them.
actual production 250,000 < theoretical 275,000
actual production 250,000 < practical 265,000
actual production 250,000 < normal 260,000
