Answer:
The correct answer is: rise; Shift the long-run aggregate supply curve to the left (letter "C").
Explanation:
The supply curve portraits the interaction between the price of a good or service and the quantity supplied. The higher the price, the lesser the quantity provided will be and vice versa. In the graph, the price appears in the vertical axis while the quantity in the horizontal axis. If higher the price, the curve will move to the left. If higher the quantity, the curve will move to the right.
In the example, as the wages (<em>price</em>) will be higher, the number of jobs offered (<em>quantity</em>) will decrease, causing the unemployment rate to increase. As high as the wages are in the long term, they will drag the supply curve to the left in the graph.
Answer:
Dave's marginal revenue from selling milk is $ 5.
Explanation:
This problem requires us to calculate Dave's marginal revenue from selling milk. The marginal revenue is calculated by subtracting current reveue form the expected or forecasted revenue. Detail calculation is given below.
Current reveune = 4 * 5 =20 dollars -A
Expected Reveunue = 5 * 5 = 25 dollars -B
Marginal revenue = A-B = 25- 20 = $ 5
Answer:
Growth rate = 12.75%
Next year earnings = $38,425,200
Explanation:
Data provided in the question:
Earnings = $34.08
Firm’s return on equity = 17%
Retention rate = 75%
Now,
Growth rate = [ Retention rate ] × [ Return on equity ]
= 0.75 × 0.17
= 0.1275
or
= 0.1275 × 100%
= 12.75%
Next year earnings = Earnings × ( 1 + Growth rate )
= $34.08 million × ( 1 + 0.1275 )
= $38.4252 million
= $38,425,200
Answer:
The correct answer is: halo effect.
Explanation:
In marketing, the halo effect takes place when the positive characteristics of a certain product are extended affecting the brand as a whole. Goods and services that provoke halo effects are beneficial for entities because they boost customers' loyalty.