Answer:
The SRAS curve will shift to the right.
Explanation:
A decline in nominal wages will reduce the cost of hiring labor. The overall cost of production will reduce as well. The firms will be able to increase production and investment.
This increase in production and investment will increase the aggregate supply. As a result, the short-run aggregate supply curve will move to the right. This will cause the equilibrium price to fall and the equilibrium quantity to increase.
Answer:
C. Both (i) and (ii) are true
Explanation:
Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.
Under perfect competition, both supplier and consumer surplus exist.
Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.
Answer:
Task-oriented
Explanation:
Task-oriented leaders focus on getting necessary tasks done to accomplish set objectives. These leaders are concerned with finding step-by-step solutions needed to meet set goals. The leaders will often define the roles required, put structures in place, organise necessary resources, and monitor progress towards accomplishing tasks within the team.
Test of controls is when you test controls surrounding a financial process . Substantive test are performed when one tests assertions surrounding a balance.
Owner is only responsible.
Owner
- Owner is the one who owns the business, create business plans , different goals, & mainly ensures that there business would last forever.
- He is never engaged in day to day activities but always do the proper inspection of all the works in all the departments.
- Manages the budget, sales forecasting, planning, organizing in all the process they used to work as a leader.
Alarm systems
- These are the systems who had the automatic sensor for smoke, fire, & other fire related emergency are detected.
- They have different pitch of sounds according to the places; i.e. at required place they have high sound and vice versa.
- They used to activate Automatically when any heat or fire related substances come closer to it.
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