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3 years ago

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.

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A department had 65 units which were 20% complete in beginning Goods in Process Inventory. During the current period, 77 units w

Rina8888 [55]

Answer:

The correct answer is C. 100

Explanation:

Data

Units in opening Work-In-Progress (WIP) 65

Units added ?

Units transferred out 77

Units in closing WIP 30

Units added=Units transferred out+Units in closing WIP-Units in opening Work-In-Progress (WIP)=77+30-65=42

Equivalent Units in production

Beginning WIP (% to complete) +Started and completed+Ending WIP

Beginning WIP 52 (65 x 80% )( 20% complete at the previous period, 80% in this period)

Started and completed 42

Ending WIP 6 (30 x 20%) (20% complete in this period)

Total =52+42+ 6= 100

4 0

3 years ago

Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have

shepuryov [24]

Answer:

utilitarian approach.

Explanation:

The utilitarian approach guages the consequences or benefits of taking a particular action. It considers the benefits to all stakeholders and tires to achieve the greatest good for the greatest number of people.

Cherries on Top have asses that closing the stores in the North-east and Texas will give the business $1 million that can be used for advertising.

So cost of running the stores has gone down and there is $1 million for promotions that will boost the business.

3 0

3 years ago

George is a manager at InnoBLAST Inc., a web-based applications company. In an attempt to promote new ideas, George decides to a

Vinil7 [7]

Answer:

The correct answer is letter "E": preparation and incubation.

Explanation:

English professor Graham Wallas (1858-1932) proposed a model to explain the steps the human brain follows in the creative process. Those steps are <em>preparation, incubation, illumination, </em>and <em>verification</em>. In the preparation stage, individuals define a problem and its dimensions. In the next step, incubation, the problem is analyzed only internally for reflection.

8 0

3 years ago

Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued

slavikrds [6]

A. Debit; Premium on Bonds Payable

6 0

3 years ago

A nongovernmental not-for-profit organization received the following donations of corporate stock during the year:Donation 1 Don

Anna71 [15]

Answer:

C. $14,000

Explanation:

Donated securities are initially recorded at the fair value on the date the gift is received. The securities will be reported at their market value at the end of the year i.e. the balance sheet date. Fair value at the year end will thus be the sum of the fair value of the two donations at the end of the year i.e $10,000 + $4,000 = $14,000.

4 0

3 years ago