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3 years ago

If workers are more educated, then short-run aggregate supply ___________.

Business

1 answer:

Yakvenalex [24]3 years ago

5 0

Answer:

O will increase and output and price level will increase as well.

Explanation:

If workers are more educated, the productivity of the country will increase, increasing total output. As investment in training increases, so thus the workers' capacity to perform more efficiently. Also, when the demand for better (or more) trained workers increases, the salary level will also increase. As workers gain training and/or experience, their salaries increase, e.g. on average, a person with a college degree earns much more than someone with just a high school degree. This increase in the level of salaries will lead to an increase in the general price level.

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If the LRATC curve is falling, then Group of answer choices economies of scale are present. constant returns to scale are presen

Natali [406]

If the LRATC curve is falling, economies of scale are present.

<h3>What is LRATC?</h3>

A business indicator known as long-run average total cost (LRATC) shows the average cost per unit of output over a lengthy period of time when all inputs are assumed to be erratic and the production scale is flexible.
The long-run average cost curve displays the long-run total cost of production at the lowest level of output.

Because businesses can adjust major parts of their operations, like factories, over a lengthy period of time to attain maximum efficiency, long-term unit costs are typically lower than short-term unit costs.
Identifying the lower boundaries of LRATC is a goal shared by investors and firm management.
If the LRATC curve is falling, economies of scale are present.

To learn more about LRTAC refer to:

brainly.com/question/14316066

#SPJ4

6 0

2 years ago

romanna [79]

Answer:

This may help you to solve it

3 0

2 years ago

Accents Associates sells only one product, with a current selling price of $70 per unit. Variable costs are 40% of this selling

katrin2010 [14]

Answer:

$20,000

Explanation:

Break-even sales is the point of sales at which the business incur no profit no loss. At this level of sale the business covers all of the variable and fixed cost associated with the product. Break-even is expressed in sales volume and sales value terms.

Current Selling Price = $70

As we know

Sales price = Variable cost + Contribution margin

Sales price = Variable cost ratio + Contribution margin ratio

100% = 40% + Contribution

Contribution = 100% - 40% = 60%

Fixed Cost = $12,000 Per month

Break-even sales = Fixed Cost / Contribution margin ratio

Break-even sales = $12,000 / 60% = $20,000

4 0

3 years ago

The major disadvantage of a trust is

lord [1]

The major disadvantage of a trust is

b.
lack of privacy.

3 0

3 years ago

Read 2 more answers

The ________ process lays the groundwork for the project by clarifying the value it will bring to the organization, setting its

Rasek [7]

Answer:

initiating process

Explanation:

Initiating process -

It is the very first step , before beginning any project or task , is referred to as the initiating process .

The process require the proper estimation of the steps need to be taken to complete the project on time , all the steps are considered and allotted in order all the employees are clear about the task they need to perform ,

The amount , goals and duration of the project is calculated in this very step .

Hence , from the given information of the question, '

The correct term is initiating process .

5 0

3 years ago