Answer and Explanation:
Answer and explanation attached
If long run aggregate supply (LRAS) is vertical, the statements that must be true is: Aggregate demand does not affect the quantity of output.
<h3>What is aggregate supply?</h3>
Aggregate supply can be defined as the amount of goods or product a firm is expected to produce and sell or made available to buyers at a particular period of time.
Hence, assuming aggregate supply is vertical, aggregate demand which is the amount of goods buyers are willing to buy will not not affect the quantity of output or goods produced.
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Answer:
The advertiser should optimize the Clicks metric
Explanation:
Remember, we are told that the products are complex and require more detailed explanation than possible in the ads, so it implies improving the clicks metric (number of clicks per user) allows the advertiser to understand whether the users are interested in the ad or web page so as to adjust strategy accordingly.
"Factor of Production" is the force that combine to make the production of products and services possible.
Explanation:
Factor of production involves land, labor, capital, and entrepreneurship.
Land:
The important factor is that it creates major revenue through oil, gases and other possible resources which can be obtained from the land.
Labor: Starting from the person who brought bricks to build the company till the top management of the company are part of the Labor factor.
Capital: A factor which implicitly support as a factor of production. Without capital there is no chances of production or providing wages.
Entrepreneurship: These are the brainstorms who plan and create product and sits at the top level and make production and service possible.
Answer:
Date Account Title Debit Credit
Dec. 31, 2019 Lease Receivable $97,001
Cost of Goods sold $67,000
Sales Revenue $97,001
Inventory $67,000
Date Account Title Debit Credit
Dec. 31, 2019 Cash $22,879
Lease Receivable $22,879
