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3 years ago

Cost-push inflation is a situation in which the:

Business

1 answer:

Irina18 [472]3 years ago

6 0

Answer: b. short-run aggregate supply curve shifts leftward.

Explanation:

Cost Push Inflation occurs when the Aggregate Supply of Goods and Services DECREASES because of an increase in Production costs.

Companies can no longer keep producing at the previous levels they could have because the price of inputs have gone up and they are already at full capacity.

To maintain profit margins they will reduce production to cut costs.

This reduces the supply in the Market and forces the Supply curve left which leads to a higher equilibrium price all else being equal.

In the graph I attached below, you can see how the Short Run aggregate supply curve shifted to the left and took prices up as Demand remained constant.

If you need any clarification do react or comment.

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Of the world's population of 7.5 billion people, _________ are scraping by on incomes that average less than $2 per day.

ozzi

1.1 billion? According to unicef 3 billion earn less than $2.50 so this seems like the appropriate answer.

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3 years ago

what recognizes the potential for valuable innovations to be launched from lower organizational levels and diverse locations, in

Mazyrski [523]

what recognizes the potential for valuable innovations to be launched from lower organizational levels and diverse locations, including merging markets, is known as:

"Reverse Innovation."

This is because reverse innovation is a type of innovation in which the product is originally innovated for poor neighborhoods such as developing regions, then repackaged in a way that is then sold to the rich neighborhoods such as developed regions.

Reverse innovation is a term originally coined by Vijay Govindarajan and Chris Trimble.

They claimed that reverse innovation is a kind of bottom-up innovation strategy whereby the products designed for poor areas are then redefined and sold to the rich areas.

Hence, in this case, it is concluded that the correct answer is "Reverse Innovations."

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2 years ago

Why does the quantity a supplier is willing to give go up when the price goes up

aleksandrvk [35]

Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more

8 0

2 years ago

Read 2 more answers

Who os responsible for paying income taxes

Vedmedyk [2.9K]

The correct answer is; businesses and anyone who works and pays taxes.

Further Explanation:

Any one who is working in the United States has to pay income taxes. Businesses must also pay income taxes. Income taxes are due each year, generally from January 1st until April 20th.

People can do their own taxes or hire an accountant to do them. There are numerous websites where it is free to file taxes such as Turbotax and H&R Block. If a person has overpaid they are due a refund.

Both businesses and individuals can file for an extension on their taxes.

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3 years ago

Producer surplus in a perfectly competitive industry is the same thing as revenue. the difference between profit at the profit-m

Damm [24]

Answer:

the difference between revenue and variable cost

Explanation:

As we know that

Producer surplus is = Total Revenue - Total Variable Cost

So here we can see that the producer surplus would be the difference between the revenue & the variable cost in the industry i.e. perfectly competitive

Hence, the second last option is correct

And, the other options are wrong

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3 years ago