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ankoles [38]
3 years ago
13

The Short-run Aggregate supply (AS) slopes up, because _______________________________________, firms have an incentive to produ

ce more to earn higher profits. Select the correct answer below: 1.as the price level for outputs falls, with the price of inputs remaining fixed 2.as the price level for outputs rises, with the price of inputs remaining fixed 3.as the price level for outputs rises, with the price of inputs rising too4. as the price level for outputs falls, with the price of inputs increasing
Business
1 answer:
QveST [7]3 years ago
6 0

Answer:

2. as the price level for outputs rises, with the price of inputs remaining fixed

Explanation:

In the short run, the aggregate supply curve slopes upwards because the price of goods and services, or in other words, the price of the ouputs that firms produce, is expected to rise, incentivizing firms to produce more.

On the other hand, the price of inputs, and especially, the price of labor (wages) will remain the same in the short-run because wages are sticky, and do not respond to market forces as quickly as the price of goods and services.

Therefore, if what the firm sells is increasing in price, but the labor it hires continues to have the same wage, the firm has even more incentive to produce more, because it will make a higher profit due to the difference between sales revenue and wage expenses.

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The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. wha
Marrrta [24]

The answer is $48.

The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. $48 is the opportunity cost, assuming the seller sells internally

It is calculated as follows:

Opportunity cost= Production cost- Outlay cost

                             = 60-12

                               =$48

Opportunity costs represent the potential benefits which any individual or investor, or  any business misses out on when choosing one alternative over another.

Because the opportunity costs are generally unseen by definition, they can be easily overlooked. Understanding of the potential missed opportunities when any business or any individual chooses one investment over another investment allows for better decision making.

To know more about opportunity cost here:

brainly.com/question/13036997

#SPJ4

5 0
2 years ago
Why might vertical systems be a business ethics issue? ?
DaniilM [7]
The answer to the question above is option C: they can result in a channel member having too much control. Firstly, we define what vertical system is. From the term itself vertical, the formation of the members is from top to bottom. Therefore, this includes the <span>producer, wholesaler, and retailer and this is where the distribution channel occurs. The reason why this kind of system is a business ethic issue is due to channel members that might have too much control because of their positions and unequal distribution of tasks. </span>
3 0
3 years ago
McGlothin Inc. is considering a project that has the following cash flow data. What is the project's payback?Year 0 1 2 3Cash fl
telo118 [61]

Answer:

c. 2.30 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $1,150 (Initial investment)

In year 1 = $500

In year 2 = $500

In year 3 = $500

If we sum the first 2 year cash inflows than it would be $1,000

Now we deduct the $1,000 from the $1,150 , so the amount would be $150 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $500

So, the payback period equal to

= 2 years + ($150 ÷ $500)

= 2.30 years

In 2.30 yeas, the invested amount is recovered.

8 0
3 years ago
Lawler Manufacturing Company expects annual manufacturing overhead to be $810,000. The company also expects 45,000 direct labor
8_murik_8 [283]

Answer:

A. Overhead allocation rates based on direct labour hours = $18 per direct labour hour

B. Overhead allocation based on direct labour cost = 0.6

C. Overhead allocation rates based on machine time = $40 per machine time hour

Explanation:

Here, we are interested in having some calculations done; We proceed as follows;

From the question, the total overhead = 810,000

Mathematically;

a. The overhead allocation rates based on direct labour hours = Amount of total overhead/Total direct labour hours

= 810,000/45,000 = $18 per direct labour hour

b. The overhead allocation based on direct labour cost = Amount of total overhead / Total direct labour costs

= 810,000/1,350,000 = 0.6

C. Overhead allocation based on Machine time = Amount of total overhead/total machine time hours = 810,000/20,250 = $40 per machine time hour

7 0
3 years ago
In which of the following situations would it be important for a successful, existing
Tamiku [17]
The business plan is the blueprint for your business. If you wanted to build a house, you wouldn't walk over to an empty lot and just start nailing boards together. Starting a business without a business plan is just as risky.

hope this helps :)

7 0
3 years ago
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