The economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adaptive expectations hold, this wil shift the AS curve up initially and then shift the AS curve back to original position in the following period.
<h3>What is the AS curve?</h3>
The aggregate supply curve describes the amount of real GDP that the economy supplies at different price levels. The reasoning used to construct the aggregate supply curve is different from the reasoning used to construct the supply curves of individual goods and services. The supply curve for a single good is constructed under the assumption that the prices of production inputs remain unchanged. If the price of good X rises, the unit cost for sellers to supply good X does not change, so sellers are willing to supply more of good X - so the supply curve for good X shifts upward. However, the aggregate supply curve is determined based on the price level. An increase in the price level increases the price producers receive for their output and thus increases production.
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<h3>Item 1:</h3>
Debit : Merchandise $13,888.
Credit : Accounts Payable $13,888.
<h3>Item 2:</h3>
Debit : Merchandise $560.
Credit : Accounts Payable $560.
<h3>Item 3:</h3>
Debit : Accounts Receivable $17,098.
Debit : Cost of Sales $11,536.
Credit : Sales Revenue $17,098.
Credit : Merchandise $11,536.
<h3>What is meant by inventory system?</h3>
- A supply chain's full stock, supplies, and sales are tracked using an inventory system.
- Businesses use inventory systems to make sure they are fully aware of the goods they have on hand and where they are.
<h3>What is inventory system with example?</h3>
- All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.
- Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients.
- The car will be considered an asset.
<h3>What is inventory system and methods?</h3>
- The procedures and software you employ to plan, order, store, and manage your inventory are known as inventory control methods.
- There are generally two types of inventory control manual and perpetual.
- You must routinely perform physical counts of inventory when using manual inventory control.
<h3>What is the purpose of inventory?</h3>
- Keeping a steady supply of goods on hand for activities is inventory's primary purpose.
- Your company should look for the sweet spot between too much and too little stock, without ever running out, in order to carry out this duty efficiently.
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Answer:
Marginal cost is greater than its average cost.
Explanation:
Given that,
Cost of producing 500 graphing calculators = $35,000
Cost of producing 501 graphing calculators =$35,080
Therefore,
The marginal cost = Cost of 501 graphing calculator - Cost of 500 graphing calculator
= $35,080 - $35,000
= $80
Average cost:
= $35,000 ÷ 500
= $70
Therefore, the marginal cost is greater than its average cost.
Helped speed the development of high-rise hotels
Answer: D- 9.12%
Explanation:The current net income percentage is calculated thus:
Current year net income = $59,120
Prior year net income = $53,700
diff in btw the two period = $59, 120-$53,700 = $5,420
current year net income percentage = $5,420/$59,120 = 0.0912779 *100
= 9.12%
