Answer:
Explanation:
we would be answering this question by presenting the data in a spreadsheet file (which is a computer program that is used for accounting purposes as well as recording of data using columns and rows which information can be entered in such a useful way for decision making, data analyzing and for record keeping.)
Microsoft Excel would be the spreadsheet application that would be used in answering this question, kindly check the attached image to see the presented solution to the question above.
Answer:
The correct answers are:
a) A. An economy's price level.
b) A. As the price level rises, firms expand their production because they can sell their output for more money.
Explanation:
On the one hand, in this type of economic model, the aggregate supply and demand represent the economy's price and quantity level regarding the output of the country as a whole. Therefore that in the vertical axis of the diagram the curves measures the price level of the economy and in the horizontal axis the curves measure the output that the economy produces at that given price.
On the other hand, the slope of the aggregate supply is upward because of the same reason as it is in the supply curve, because of the law of the supply, that states that there is a direct relationship between the price of the good an its quantity offered. Thefore that when the price level rises the firms will produce more because they can sell their production at a higher price.
Answer:
$3.70
Explanation:
In this question we have to assume the items values
Let say
Sales = $100
So supply chain it spends 50% i.e $50
Profit is 4% i.e $4
Since the 46% is dividend among fixed and production costs
So the fixed cost is $23 and variable cost is $23
Now if the sales increase by $X, the revenue will increase by X.
So it would also increased the cost by X × (0.5+0.23)
And in overall, the profit is also increased
Plus it is given that there is 27% profit margin
So, the equation is
0.27X = 1
Therefore X = $3.70 with additional profit of $1
Answer:
total supply firms are by firm and price.
Explanation:
Aggregate supply is the term that describes the total value of all goods and services that firms in the economy are willing to sell in the market at a given price, or different prices. The aggregate supply curve shows the total quantity that firms will supply at different prices. In other words, the aggregate supply curve shows the relationship between total supply firms are by firm and price.
The aggregate supply curve is upward sloping. While a supply curve shows the relationship between price and quantity of a particular product or firm, the aggregate supply curve illustrates the relationship between quantity and price for the entire economy.
