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Oksanka [162]
3 years ago
10

Demand increases in an increasing-cost industry that is initially in long-run competitive equilibrium. After full adjustment, pr

ice will be
Business
1 answer:
emmainna [20.7K]3 years ago
7 0

Answer: above its original value

Explanation:

An increasing-cost industry simply means the industries whereby there's a rise in the average costs when the output increases.

Demand increases in an increasing-cost industry which is in long-run competitive equilibrium. After full adjustment, price will be above its original value.

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The economy's long-run AS curve assumes that wages and other resource prices _____. rev: 06_12_2018 Multiple Choice eventually r
liubo4ka [24]

Answer: eventually rise and fall to match upward or downward changes in the price level.

Explanation:

Long-run aggregate supply (LRAS) curve simply shows the long-term output for a country. In the long-run, it should be noted that the aggregate supply curve is vertical, which shows that the changes in the aggregate demand will only result in a temporary change with regards to the total output of the economy.

The aggregate supply curve of an economy assumes that the wages and other resource prices eventually rise and fall to match upward or downward changes in the price level.

Therefore, the correct option is A.

8 0
3 years ago
What type of account is recommended for unexpected expenses?
velikii [3]

Answer:

emergency fund

Explanation:

5 0
3 years ago
Knowing the slope of activities allows project managers to compare which ____ activities to shorten.
In-s [12.5K]

Answer:

Knowing the slope of activities allows project managers to compare which <u>Critical</u> activities to shorten

7 0
2 years ago
Jack bought a house and received a low interest rate because she had good good credit what is the meaning of good
I am Lyosha [343]

Answer:

good means excellent or virtuous

5 0
4 years ago
Kawasaki Company incurred the following unit costs in manufacturing digital cameras: Direct Materials $14 Indirect Materials (va
Shtirlitz [24]

Answer:

Unitary variable cost= $42

Explanation:

Giving the following information:

Direct Materials $14

Indirect Materials (variable) $4

Direct Labor $8

Indirect Labor (variable) $6

Other Variable Factory Overhead $10

During the period, the company produced and sold 1,000 units.

Under the variable cost method, the product cost is calculated using direct material, direct labor, and variable overhead:

Unitary variable cost= 14 + 8 + (4 + 6 + 10)= $42

0 0
3 years ago
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