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2 years ago

In the short run or in shorter time periods supply curves tend to:_______

Business

1 answer:

svlad2 [7]2 years ago

3 0

Answer:

b) be more inelastic than supply curves that apply to longer periods of time.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply. In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

In the short run or in shorter time periods supply curves tend to be more inelastic than supply curves that apply to longer periods of time.

This ultimately implies that, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price), in the short run.

However, in the long-run or in longer time periods, supply curves tend to be fairly elastic than supply curves that apply to shorter periods of time.

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Alex has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and

podryga [215]

Answer and Explanation:

The classification is as follows:

Alex could easily measured that Panaview have the less price - Unit of account as the money represent the measurement of unit of price

Alex saved $30 per week - Store of value as Alex is saving for use the money in near future

Alex pays $140 - Medium of exchange. In this alex would pay the money to purchase the Blu-ray

7 0

2 years ago

Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making. Which of the fol

Andrei [34K]

Answer:

Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.

It has several advantages, some of them are pointed out below:

o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.

o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.

o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.

o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.

Hope this helps you. Good Luck.

3 0

3 years ago

A stock had returns of 12 percent, 16 percent, 10 percent, 19 percent, 15 percent, and -6 percent over the last six years. What

OleMash [197]

Answer:

10.68%

Explanation:

Data provided in the question:

Returns on stock : 12%, 16%, 10%, 19%, 15%, -6%

Now,

Geometric average return on the stock is calculated as:

Geometric average return = $({(1 + r_1)\times(1 + r_2).......\times(1 + r_n)})^\frac{1}{n}- 1$

Thus,

For the given returns on stock

Geometric average return

= $[ (1 + 0.12)\times(1 + 0.16)\times(1 + 0.10)\times(1 + 0.19)\times(1 + 0.15)\times(1 + (- 0.06)) ]^{\frac{1}{6}}-1$

= $[ 1.12\times1.16\times1.10\times1.19\times1.15\times0.94 ]^{\frac{1}{6}}-1$

= $[1.8384056768]^{\frac{1}{6}}-1$

= 1.1068 - 1

= 0.1068

= 0.1068 × 100%

= 10.68%

6 0

3 years ago

The mainstream view among economists is that a. no tradeoff exists between unemployment and inflation, either in the short run o

4vir4ik [10]

Answer:

b. society faces a tradeoff between unemployment and inflation, but only in the short run

Explanation:

Mainstream economics follows rational choice theory, which assumes that individuals make decisions that will maximize their own utility, and uses statistics and mathematical models to demonstrate theories and evaluate various economic developments.

3 0

3 years ago

By changing a standard from "be nice to customers" to "greet every customer, and if possible by name," a services marketing mana

KiRa [710]

Answer:

a measurable goal

Explanation:

A measurable goal is a part of the S.M.A.R.T goals that brings structure and trackability into your goals and objective.

By greeting and possibly knowing customers names the services marketing manager can to be able to attract more customers not just by understanding what the customer needs but being able to relate available product or services to them.

By so doing the service marketing manager can be able to measure what exactly he/she has achieved after providing the required service to the customer

4 0

3 years ago