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2 years ago

Which of the following are assumed to remain unchanged along a given short run aggregate supply curve?

1 answer:

5 0

I had to look for the options and here is my answer:

Given the short run aggregate supply curve, the ones that are believed to stay unchanged along it would be the i<span>nstitutions, such as patent laws and tax systems, that make up the "rules of the game" and the resource prices. (These answers are based on the actual options with this question.)</span>

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Consumption consists of spending by households on goods and services, with the exception of a. purchases of intangible services.

Leona [35]

Answer:

Explanation:

Different schools of economists define consumption differently.

-The process in which goods or services are used to satisfy economics leads.

-Consumption is known as direct or final consumption, when the goods satisfy human wants directly and immediately. The goods have reach their final destination.

-Consumption is also the value of all goods and services bought by households. Includes:

*durable goods. last a long time, e.g. cars, home appliances.

*nondurable goods. last a shot time, e.g. food, clothing.

*services. work done for consumers, e.g. dry cleaning, air travel, legal.

*also, rent is a payment for housing services.

But for GDP, when you bought a house, is considered investment.

4 0

2 years ago

A firm decides to provide support services for its products for which its customers will pay extra. These services are not offer

Sindrei [870]

B) Added value

Explanation:

Added value - It is an improvement to the product or service making it more worthwhile.

Competitive advantage makes the product or service more desirable than other competitors.

In this scenario, there is no competition of the services as yet, but definitely has an added value by improving the services.

3 0

2 years ago

Read 2 more answers

In a small, closed economy, national income (GDP) is $ 500.00 million for the current month. Individuals have spent $ 300.00 mil

alexdok [17]

Answer:

The total investment in the economy is $50 million

Explanation:

The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports)

Using this formula we can determine the amount of investment.

Investment = 500 (GDP) - 300 (private consumption) - 150 (government spending) = $50.

4 0

2 years ago

It takes Anne 3 hours to make a pie and 4 hours to make a shirt. It takes Mary 2 hours to make a pie and 5 hours to make a shirt

mina [271]

Answer:

False

Explanation:

An economic agent should specialise in the production of the good for which it has a comparative advantage in its production.

An economic agent has a comparative advantage in production if it produces at a lower opportunity cost when compared with other economic agents.

Anne's opportunity cost in pie production = 4/3=1.33

Anne's opportunity cost in shirt production = 3/4 = 0.75

Mary's opportunity cost in pie production = 5/2 = 2.5

Mary's opportunity cost in shirt production = 2/5 = 0.4

Anne has a comparative advantage in the production of pies and Mary has a comparative advantage in the production of shirts.

Anne should specialise in pie production and Mary should specialise in shirt production.

I hope my answer helps you

5 0

2 years ago

Introduction: In the greater Seattle-Tacoma area, an arms race continues between hospitals to gather the most modern technology

Dmitry [639]

Answer:

The da Vinci Surgical Equipment

1. 1. The annual rate of interest being charged to the hospital for this da Vinci surgical equipment is computed as 18.055%.

The computed total interest that the hospital will pay over the 36 months' period = $574,715.60.

2. This rate of interest is too high. The hospital could borrow the sum of $1,900,000 from other sources without paying as high an interest rate. Therefore, it is not a good deal for the lessee hospital.

3. The hospital should care if the lease were either an operating or capital lease. An operating lease means that the hospital can only use the equipment for a determined number of years, which is usually less than the useful life of the equipment. But if it were a capital lease, the hospital is sure that the equipment becomes its own property.

Explanation:

a) Data and Calculations:

Cost of equipment = $1,900,000

Monthly lease payment = $68,742.10

Lease period = 36 months

Using an online financial calculator:

Interest Rate = 18.055%

Total of 36 Monthly Payments = $2,474,715.60

Total Interest Paid = $574,715.60

3 0

2 years ago