Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).
A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.
What is short run and long run aggregate supply?
The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.
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Interest on purchase consideration, the salary of partners, and interest on vendor capital are to be charged during the pre-incorporation period.
The steps of the DG pickup process which are put into the correct order are as follows:
- Download and Install the DG application
- Make enquiries on whether the particular store makes use of DG pickup
- Make an order and reserve a time slot
- Add the items to the virtual cart
- Put the digital coupons of the DG pickup
- Checkout
<h3>What is a Pickup Service?</h3>
This refers to a type of service which is used to deliver goods from one location to a customer at his preferred location.
With this in mind, we can see that the correct steps of making use of online pickup service such as DG pickup is shown as there needs to be the installation of the app, then to add the items to the cart and finally checkout.
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The correct answer is B. Monopolistic competition
Explanation:
Monopolistic competition occurs when the producers of a product determine the price of it. Also, the products sold have differences, which means consumers do not consider one product can be substituted by another because the qualities, brand, appearance, etc. are different. This is the opposite of perfect competition, in which products are substitutes and price is determined by price and demand rather than producers.
Monopolistic competition occurs in the case presented because the chocolates sold by Jack are different from those sold by Mia, who uses attractive boxes. Also, due to this difference, Mia can set higher prices and still get more demand from consumers.
California's GDP in step with capita is $60,000, even as Nevada's GDP according to capita is $forty,000. if both grow at 2 percent in step with yr two states to have the equal GDP per capita, they'll never have the same GDP per capita.
GDP stands for "Gross Domestic Product" and represents the overall monetary cost of all very last items and services produced (and offered available on the market) inside a country during a time period (normally 1 year). reason. GDP is the most usually used degree of economic interest.
GDP is measured via taking the portions of all items and services produced, multiplying them by way of their fees, and summing the full. GDP may be measured either through the sum of what is purchased inside the economy or by using what's produced. call for may be divided into consumption, investment, government, exports, and imports.
We realize that during an economy, GDP is the monetary price of all very last items and offerings produced. for instance, let's say u. s. a . B simplest produces bananas and backrubs. items and offerings Produced in the united states B In yr 1 they produce five bananas which might be really worth $1 each and 5 backrubs which are worth $6 every.
GDP is important because it gives records approximately the size of the economy and how an economic system is performing. The booming rate of actual GDP is frequently used as an indicator of the general fitness of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economic system is doing well.
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