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Dmitriy789 [7]
2 years ago
14

an increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run?

Business
1 answer:
tino4ka555 [31]2 years ago
5 0

Answer:

An increase in aggregate demand in the economy will have what effect on macroeconomic equilibrium in the long run? A. The price level will rise, and the level of GDP will fall.

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A company is setting its direct materials and direct labor standards for its leading product. Materials cost from the supplier a
stepladder [879]
The answer is 12$ per hour
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3 years ago
Mark goes to Tony's Lumber Yard to buy some lumber to build a new roof for his cabin. Mark tells Tony, the lumber yard owner, to
musickatia [10]

Answer: Tony has explicitly breached the Implied Warranty of Fitness for a particular purpose.

Explanation: the Implied warranty of fitness for a particular purpose takes effect when a buyer specifically asks a seller for a product that can be used for a particular purpose.

Because Mark (buyer) requested for the exact type of wood that can resist wood decay caused due to the damp environment of his cabin and Tony (seller) sells Mark lumber while assuring him that it's what he is looking for. Tony's assurance to Mark is known as the Implied warranty of fitness for a particular purpose, and since the wood is affected by dampness and caves then Tony has explicitly breached the warranty.

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3 years ago
Last year there were 3100000 visitors to a national park and, on average, each visitor spends 22 hours in the park on average ho
Nataly [62]
Last year, being a non-leap year, there were 365 days  
So, number of hours in last year = 365 x 24 = 8760  
Total number of man-hours spent in the National park = 3100000 x 22, i.e. number of visitors x hours spent by each visitor  
We can find out average number of visitors in the park at any time during that hour as = (3100000 x 22)/8760 = 7785.388 visitors
8 0
3 years ago
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Uncertainty refers to situation when there is more than one possible outcome to decision and where the probability of each speci
SVETLANKA909090 [29]

A risk is behind the uncertainty that means situation when there is more than one possible outcome to decision and where the probability of each specific outcome is not know.

<h3>What is a risk?</h3>

This refers to the chance either high or low that any hazard will actually cause somebody harm.

For instance, the act of working alone away from your office can be a hazard and the risk of personal danger may be high.

It is true that uncertainty that means situation when there is more than one possible outcome to decision and where the probability of each specific outcome is not know, but a risk is behind tne situation.

Read more about risk

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7 0
2 years ago
A benevolent social planner would prefer that the output of good x be decreased from its current level if, at the current level
Orlov [11]

Answer:

c

Explanation:

social value = private value = private cost < social cost.

6 0
3 years ago
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