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12345 [234]
3 years ago
8

The long-run aggregate supply curve would shift left if the amount of labor available

Business
1 answer:
liq [111]3 years ago
8 0

Answer:

The correct answer is option a.

Explanation:

The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.

A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.

So, option a is the correct answer.

You might be interested in
How might a once-valued intermediary find itself threatened with disintermediation?
kicyunya [14]

Answer:

Through disinter-mediation the middle man or the banks, agents etc, are removed from the process of funding, and the organization decides to pay the customers directly. Thus the profits of the once valued intermediaries are killed, and hence they are threatened.

Explanation:

Disinter-mediation is riskier however, and the chances of it taking place is less.  Hence, the intermediary are not that threatened. However, if companies decides to go with it, they become the once valued intermediaries, and the companies now don't require to pay them their fee. Thus. the intermediaries are at big loss, and that is why they feel quite threatened from the disinter-mediation.

6 0
4 years ago
Dana has a portfolio of 8 securities, each with a market value of $5,000. The current beta of the portfolio is 1.28 and the beta
allsm [11]

Answer:

Option c. 0.73

Explanation:

Data provided in the question:

Market value of securities = $5,000

Current beta of the portfolio = 1.28

Beta of the riskiest security = 1.75

Required beta = 1.15

Now,

let the beta of the other security be 'x'

Portfolio beta = weighted average of individual betas in the portfolio

or

1.28 × 8 × $5000 = [  x × (8 - 1) × $5000 ] + [ 1.75 × $5000  ]

or

$51,200 = $35,000x + $8750

or

$35,000x = $42,450

or

x = 1.21

Thus,

If she wishes to reduce the beta to 1.15, by replacing the riskiest security,

let the beta of the replacement security be 'y'

Therefore,

1.15 × 8 × $5000 = [ 1.21 × (8 - 1 ) × $5000 ] + [ y × $5000  ]

or

$46,000 = $42,350 + $5,000y

or

$5,000y = $3,650

or

y = 0.73

Hence,

Option c. 0.73

4 0
4 years ago
Drake completed a short course in computer technology during summer vacation. now his parents’ friends call him when they have q
Veseljchak [2.6K]
Technical power Maybe
5 0
3 years ago
Which of the following relationships must always be incorrect? A. Tolerances > control limits > process variability B. Tol
scZoUnD [109]

Answer:

A. Tolerances > control limits > process variability

Explanation:

4 0
3 years ago
MC Qu. 143 Pleasant Hills Properties is developing... Pleasant Hills Properties is developing a golf course subdivision that inc
Lilit [14]

Answer:

Apportioned joint cost to = $1,565,625.00  

Explanation:

The total joint cost is the sum of the cost of the land and the cost of street utilities.

The joint cost = $1,870,000 +  $1,470,000=  $3,340,000.00  

The total sales value of the two types of lots is equal to

(100× 102,000)   + (125× 72,000) =  19,200,000.

The apportioned joint cost to street frontage:

((125× 72,000)/19,200,000 ×  3,340,000.00   ) = $1,565,625.00  

Apportioned joint cost to = $1,565,625.00  

6 0
3 years ago
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