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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Answer:
Perfect Plungers Plus is the company that would give Donna a stable long term investment
Explanation:
Because it has a low standard deviation than the other company, meaning it has the expected value as a low standard deviation is, also its data is not far from the mean and is not spread out.
Answer:
Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.
While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.
In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.
Initially, you can try to solve this issue with IRS Office of Appeals (since you are right), but if that doesn't work, then you can go to Tax Court.
Answer:
4 shirts
Explanation:
Principle of Optimization at the Margin states that the individual maximises utility when consuming a prpduct as long as the marginal benefit exceeds to marginal cost. If marginal cost is greater than the benefit the consumer will find another alternative.
In this instance Maria sees the short as value of $40, while sale price is $21
So when she buys the first shirt her perceived cost is now 40- 5= $35
For the second shirt perceived cost is 35-5= $30
For the third shirt perceived cost is 30-5= 25$
For the fourth shirt it is 25-5= $20
At this stage cost is slightly higher than the benefit and she will stop buying shirts.
Answer:
Current multi factor productivity for 640 work hours per month is 0.24 loaf/dollar
Explanation:
Employees are being paid $8 per hour,
Constant utility cost per month will remain same as $600
and loaf ingredient cost $0.35/loaf
Current multi factor productivity for 640 work hours per month is 0.24 loaf/dollar
640 hours * $8/hour = $5,120
1500 loaves * $0.35 = $525
$5,120 + $525 + $600 = $6,245
= 1500 loaves / $6,245
=0.24 loaf/dollar
