If you did a break-even analysis for your firm, it would be possible for you to show management the point at which <span>the level of sales that will cover all of the company's costs</span>. A break-even analysis is how management and accountants asses the variable and fixed costs a company has with their sales revenue. When comparing these, the company is able to see at what point they will break even and cover all necessary operating costs. A good way to remember break-even is the point in which a business has no profit or loss.
Answer: a change in the price level.
Explanation:
A shift in the aggregate supply curve is caused by non-price changes such as real wages of the workers, tax, technological innovation, productivity level etc.
The change in price will only result in the movement along the supply curve, which is also referred to as the change in quantity supplied. A change in price will not cause a shift on the aggregate supply curve.
Therefore, option A is the correct answer.
Quality management is the act of overseeing all activities and tasks that must be accomplished to maintain a desired level of excellence. This includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and quality improvement.
Answer:
The answer is (B) which is the 25 percent of nominal GDP.
Now, the question may arise that what prompted us in choosing the option (b)
This consequentially will take us to the point where we define and discuss on how we calculate for nominal GDP
What is nominal GDP:
Nominal GDP which simply means a group or pattern of measurement of a country gross domestic product. It is usually being analysed at market current prices. Hence, nominal GDP includes all of the changes in market prices that happened during the current or existing year due to inflation or deflation.
How do we calculate for nominal GDP:
It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.
It should also be noted that Nominal GDP is the market value of goods and services produced in an economy in its raw or un-adjusted format for inflation. Real GDP is nominal GDP, adjusted for inflation to reflect changes in real output.
Mr. Divers will be affected bey th unatnticpated inflation causng his retirement account to be worth less in the future than before inflation. Due to inflation, the prices of goods and services rise causing his money to be spent in a shorter time period on less items then it would have if it were spent without any type of inflation issues.
