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:
a) 0.0358
b) 0.0395
c) 0.1506
Explanation:
Number of clues "daily doubles" = 3
Determine the probabilities
<u>a) P(single contestant finds all three ) </u>
assuming event A= a returning champion gets the "daily double" in first trial
P(A) = 1/30 , P(~A) = 29/30
assuming event B = any player picks up "daily double" after the first move
P(B |~A ) = 1/3
hence : P ( B and ~A ) = 29/30 * 1/3 = 29/90
<em>considering second round </em>
P(player chooses both daily doubles ) = 1/3 * 1/3 = 1/9
∴ P(single contestant finds all three ) = 29/90 * 1/9 = 0.0358
<u>B) P ( returning champion gets all three ) </u>
= (1/30 + 29/90 )* 1/9
= 32 / 810 = 0.0395
<u>c) P ( each player selects only one )</u>
P = 32/405 + 29/405
= 61 / 405 = 0.1506
Dave is an individual with an <u>"Internal locus of control".</u>
Locus of control is a person's belief system with respect to the reasons for his or her encounters and the components to which that individual characteristics achievement or disappointment.
In the event that a man has an internal locus of control, that individual credits accomplishment to his or her own endeavors and capacities. A man who hopes to succeed will be more roused and more inclined to learn.
Psychological research has discovered that individuals with a more internal locus of control appear to be in an ideal situation, e.g. they have a tendency to be greater accomplishment situated and show signs of improvement paying employments.
<span>b. companies always carefully test any claims that they make about a product </span>
Answer:
equivalent unit of production for period in conversion cost is 42000 EU
Explanation:
Given data
during period P = 35000 units
ending work W = 14000 units
complete C% = 50%
to find out
equivalent units of production
solution
we know that 35000 units work is complete and transferred during period and
50% complete with ending work 14000 units
so that
Equivalence unit production is W x C% + P
= 14000 x 50% + 35000 = 42000
so equivalent unit of production for period in conversion cost is 42000 EU
