According to macroeconomic principle, the short-run aggregate supply curve has a <u>Positive</u> slope because as prices of <u>final goods and services</u> rise, prices of <u>inputs</u> rise more slowly.
This is based on the idea that the <u>short-run aggregate supply</u> curve shifts by changes in price level and production.
Thus, the Short-run aggregate supply curve is represented as Y = Y* + α(P-Pe).
- Here, Y => the production of the economy;
- Y* => the natural level of production, and the coefficient is positive;
- Pe => the expected price level.
Hence, in this case, it is concluded that the short-run aggregate supply curve is a significant detail to be noted in the economic analysis of business production.
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The answer is: D. it has a broad sample, including people who know nothing about the industry.
Any industry consist of three players. The producers, the consumers, and the regulators. Consumers are the one that made the most purchase for the industry and can influence it, but they tend to know nothing or very little with the industry, which is why such sample is needed.
Answer: $68,200
Explanation:
Estimated inventory = Difference between Goods available for Sale at Retail Price and Actual Sales made * Cost Retail Ratio
Retail value of Goods Available for Sale
= Retail Price of Beginning Inventory + Retail price of Purchases
= 120,000 + 480,000
= $600,000
Difference between Goods available for Sale at Retail Price and Actual Sales made
= 600,000 - 490,000
= $110,000
Cost to retail price ratio
= (Cost of Beginning Inventory + Cost of Purchases) / (Retail Price of Beginning Inventory + Retail Price of Purchases)
= (60,000 + 312,000) / (120,000 + 480,000)
= 62%
Ending inventory
= 110,000 × 62%
= $68,200
Answer:
The answer is option (c)$89,301
Explanation:
Solution
Given that:
Inflation rate = 2%
The expected value of an investment = 82,500
Now,
nominal terminal value of the investment at the end of year 4.
Thus,
The nominal terminal value rate at the end of year four is given as follows:
= 82, 500 * (1 +2%) ^4
=$89300. 65
= $89,301
The term that best fits the blank provided above is LOYALTY CARD. This kind of system allows the provision of rewards and incentives for consumers and this would also allow detailed recording and the tracking of the activities of the consumers. Hope this helps.
