Worldwide annual sales of a device in 2012–2013 were approximately q = −6p + 3,050 million units at a selling price of $p per unit. Assuming a manufacturing cost of $40 per unit, what selling price would have resulted in the largest annual profit? HINT [See Example 3, and recall that Profit = Revenue − Cost. ] (Round your answer to two decimal places. )
Answers
Assuming all other factors remain constant, it has been determined that a selling price of $274.17 per unit would result in the highest annual profit for the company.
The given problem can be solved by finding the revenue and cost functions and then finding the profit function. The revenue function can be obtained by multiplying the selling price per unit with the number of units sold, and the cost function can be obtained by multiplying the manufacturing cost per unit with the number of units sold.
Using these functions, we can then find the profit function, which can be maximized to find the selling price that would result in the largest annual profit.
Given, the annual sales of a device in 2012-2013 were approximately \($q = -6p + 3050$\) million units at a selling price of \($p$\) per unit. Therefore, the revenue function \($R$\) can be written as:
\($$R(p) = p*q = p*(-6p+3050) = -6p^2+3050p$$\)
Similarly, the cost function \($C$\) can be written as:
\($$C(p) = 40*q = 40*(-6p+3050) = -240p+122000$$\)
Now, the profit function \($P$\) can be obtained by subtracting the cost function from the revenue function:
\($$P(p) = R(p) - C(p) = -6p^2+3050p - (-240p+122000) = -6p^2+3290p-122000$$\)
To find the selling price that would result in the largest annual profit, we need to find the maximum value of the profit function. This can be done by finding the derivative of the profit function and setting it equal to zero:
\($\frac{dP}{dp} = -12p + 3290 = 0$$\)
Solving for , we get:
\($$p =\) \(\frac{3290}{12} = 274.17$$\)
Therefore, a selling price of $274.17 per unit would result in the largest annual profit for the company.
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Related Questions
1. Calculating inflation using a simple price index Consider a fictional price index, the College Student Price index (CSP1), based on a typical college student's annual purchases. 5uppose the followi
Answers
Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. One way to measure inflation is by using a simple price index such as the College Student Price index (CSP1).
The College Student Price index (CSP1) is based on a typical college student's annual purchases. If the following information about CSP1 is given, calculating inflation using a simple price index is possible.
Suppose that the CSP1 for the base year is 100, and the CSP1 for the current year is 120. The formula for calculating inflation using a simple price index is as follows:Inflation rate = [(CSP1current year - CSP1base year) / CSP1base year] x 100
Using the formula above, we can calculate the inflation rate as follows:Inflation rate = [(120 - 100) / 100] x 100Inflation rate = (20 / 100) x 100Inflation rate = 20%
Therefore, the inflation rate between the base year and the current year is 20%.This means that the general price level of goods and services increased by 20% from the base year to the current year.
In other words, it now costs 20% more to buy the same basket of goods and services as it did in the base year.
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Name a form of ownership that is represented by South African broadcasting corporation (SABC) and outline four characteristics of this form of ownership
Answers
Answer:
State ownership
Explanation:
State ownership, or government ownership, or public ownership, is a form of ownership were the government owns or partly owns as well has control over a business with the revenue from the business or establishment being added as benefits accruable to the welfare of the public
The characteristics of a state ownership are;
1) State ownership means that the government is the owner, or part owner of the establishment, where part ownership belongs to the public
2) The main purpose of a state owned business is not to make profit, but rather to provide public welfare, that benefits the residents of the country
3) The profits from the business are entered into the treasury of the state and are used to carry out public welfare projects
4) The employees of the government are the managers of the establishment which is subject to bureaucracy, and the business is operated with a state selected board of directors
5) The government determines the manner of stability present in the business, as well as the winding up of state owned businesses that have no function
6) The state owned business is operated by the laws and policy if the business and it is therefore recognized as an autonomous body
why are differentiation and cost advantage strategies referred to as generic business strategies?
Answers
In 1980, Michael Porter created three general approaches that a business could use to gain an advantage over its rivals. Focus, cost leadership, and differentiation are these three.
In a differentiation strategy, a company aims to stand out from the competition along some attributes that customers find important. It chooses one or more characteristics that are significant to many customers in a particular industry and positions itself in a special way to satisfy those needs.There are three or four generic strategies: focused, differentiated, or lower cost. A business can choose to pursue one of two types of competitive advantage: either by outbidding its rivals on price, or by differentiating itself along customer-valued dimensions to demand a higher price.Read related link on:
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Reinvesting cash flow allows a firm produce additional products and generate additional sales.
O True
O False
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THEATRE PLEASE HELP 100 POINTS HAHA
A screenwriter is working on an episode of a comedy series about a group of employees working at an advertising agency. At some point in the episode, the protagonist is at risk of losing her biggest client if she doesn't deliver a successful social media campaign. A set of ridiculous circumstances leads to a brilliant idea that just might save the day and her career. Which two elements of Freytag's plot pyramid are present?
Climax and resolution
Exposition and resolution
Falling action and resolution
Rising action and climax
Answers
Exposition and resolution, the first two tiers of Freytag's plot pyramid, are covered. As a result, option (B) is correct.
Who is called a Screen Writer ?A freelance occupation is screenwriting. As long as you have strong storytelling skills and imagination, you can work as a professional screenwriter without having a degree. In contrast to other professions, screenwriters are recruited as independent contractors.
The majority of screenwriters, if not all of them, begin their careers by penning scripts purely out of passion and do it without getting paid or employed for it. It is referred as as a spec script if such a script is sold. Professional screenwriters are distinguished from amateur ones by the fact that they frequently have talent agencies as their representatives.
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When U. S. Preident Donald Trump impoed tariff on imported teel, Charmaine wa working a a project manager for a U. S. -baed contruction company. Charmaine’ company had to pay more for the teel they imported from China, which decreaed the overall profit on ome of their bigget build. After a few month, her company decided to raie the price of material for all future build to offet thoe extra cot. In thi cae, who ended up paying for the tariff?
Answers
The Trump tariffs are a set of American tariffs enacted during the administration of Donald Trump in an effort to close the trade deficit by reorienting American trade policy away toward bilateral trade partnerships over multilateral free trade agreements.
What is called imported?Anything acquired outside of the country of origin is considered an import. Both imports and exports are a part of global trade. A country has a trade imbalance if the value of the its imported exceeds than value of its exports. An import is any product that is produced overseas and brought into another country. For instance, if a Belgian company manufactures chocolate and sells it in the US, that would be considered an import from the American point of view.
Why is import used?With the use of a single phrase, Java's import statement makes it simple to take all of the classes that are visible to a program and specify them under a package. Since the programmer does not have to write the complete class definition, it is quite advantageous. As a result, it makes the program easier to read. Additionally, imports broaden the range of options available to consumers and contribute to cheap pricing, increasing their purchasing power. Additionally, imports give American firms high-quality inputs that assist enterprises and their American workers establish or maintain high levels of competitiveness in both domestic and international marketplaces.
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1-Elmer invested, P250,000- cash in his new business.
analysis
debit is -
credit is -
Answers
Answer:
debit is P250,000
credit is 0
Explanation:
hope it helps:)
Identify industries and career-based activities in which computer technology makes people's work easier or more efficient. (Select All That Apply)
Career-Based Activities
□ Pharmacist filling a prescription
□ Doctor diagnosing a patient
□ Teacher keeping track of student
grades
□ Stock broker keeping track of stock
prices
Answers
Career-Based Activities:
Pharmacist filling a prescriptionDoctor diagnosing a patientTeacher keeping track of student gradesStock broker keeping track of stock pricesWhat is computer technology?Generally, In all of these industries and activities, computer technology plays a vital role in making work easier and more efficient. For example, pharmacists use computer systems to check for drug interactions, dosage calculations, and to maintain patient records.
Doctors use electronic health records and medical imaging technology to diagnose and treat patients more effectively. Teachers use computerized grading systems to keep track of student grades and progress, and to communicate with students and parents. Stock brokers use sophisticated software tools to monitor stock prices, analyze market trends, and execute trades more quickly and accurately.
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mo will receive a perpetuity of $15,000 per year forever, while curly will receive the same annual payment for the next 30 years. if the interest rate is 5.9 percent, how much more are mo's payments worth?
Answers
If the interest rate is 5.9 percent, Mo's payments are worth $43,562.72 more than Curly's payments.
To determine how much more Mo's payments are worth compared to Curly's, we need to calculate the present value of both of their payments and find the difference.
1. Calculate the present value of Mo's perpetuity:
Mo will receive a perpetuity of $15,000 per year forever. To calculate the present value of a perpetuity, we can use the formula:
Present Value of Perpetuity = (Annual Payment) / (Interest Rate)
PV_Mo = $15,000 / 0.059
PV_Mo = $254,237.29
2. Calculate the present value of Curly's payments:
Curly will receive the same annual payment of $15,000 for the next 30 years. To calculate the present value of an annuity, we can use the formula:
Present Value of Annuity = (Annual Payment) * (1 - (1 + Interest Rate)^(-n)) / (Interest Rate)
PV_Curly = $15,000 * (1 - (1 + 0.059)^(-30)) / 0.059
PV_Curly = $15,000 * (1 - 0.16986) / 0.059
PV_Curly = $15,000 * (0.83014) / 0.059
PV_Curly = $210,674.57
3. Find the difference between Mo's and Curly's present values:
Difference = PV_Mo - PV_Curly
Difference = $254,237.29 - $210,674.57
Difference = $43,562.72
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What is local government expenditure?.
Answers
Kingdom and neighborhood widespread local government expenditure on faculties, fitness care offerings, and standard administration (amongst other activities inside the trendy authorities region) but exclude government-run liquor stores, utilities, and insurance trusts, which can be accounted for one by one in the census.
Costs talk over with the overall purchase price of a great or carrier. for example, if an enterprise buys a chunk of equipment for $30 million and it has a useful life of six years, this is a capital expenditure. charges talk to the quantity this is recorded for the motive of offsetting a company's revenue or earnings.
An expenditure represents a price with both cash or credit score to purchase items or services. it is recorded at a single factor in time (the time of purchase), compared to a price that is recorded in a period in which it's been used up or expired.
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Answer:building a new interstate highway
Explanation:
A couple weeks ago, Alex saw her boss stealing money out of the cash register. Her boss noticed that Alex saw. Alex planned to tell one of the other managers the next day, but when she came in for work, her boss pulled her aside and told her that she should keep her mouth shut if she wanted to keep her job, because she would be blamed for the missing money if she told anyone what she saw. Alex's boss is using what unethical communication practice discussed in our lectures from this week
Answers
Answer:
The answer is "Coercion".
Explanation:
Its legislative concept of coercion between both the states was reasonably uniform: utilizing bullying and threats to force (or inhibit) individuals to do something they have and do not have a legal right to. It implies that helping a person, through threatening his security and well or those of his family or property, which we usually should not do.
Calculate the payoff of this scenario: You flip a coin, if it is Heads, you win $134; and if it is Tails, you lose $121
Answers
The payoff of this scenario is +$13.
To calculate the payoff, subtract the amount lost from the amount won:
$134 - $121 = $13.
In this scenario, you have a 50/50 chance of winning or losing money based on the outcome of the coin flip. If the coin lands on Heads, you win $134, but if it lands on Tails, you lose $121.
Therefore, the expected value of this scenario can be calculated as follows: (0.5 x $134) + (0.5 x -$121) = $6.5.
However, the payoff is not the same as the expected value. The payoff represents the actual outcome of the scenario, whereas the expected value represents the average outcome over many repetitions of the scenario. In this case, the actual outcome is either a gain of $13 or a loss of $121, depending on the result of the coin flip.
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A new equipment requires an investment of $130,000 to generate an income of $20,000 for the first 3 years, thereafter, increasing by $10,000 for the remaining life of 10 years. To recover the investment under a no-return payback condition it will take:
Answers
To recover the investment under a no-return payback condition, it will take 6 years.
The payback period is a financial metric used to determine how long it takes to recover the initial investment in a project or equipment. In this case, the investment for the new equipment is $130,000, and the income generated is $20,000 for the first 3 years, increasing by $10,000 for the remaining 10 years.
To calculate the payback period, we need to determine when the total cumulative income equals or exceeds the initial investment. For the first 3 years, the total income generated would be $20,000 per year, resulting in a cumulative income of $60,000. We subtract this from the initial investment of $130,000, leaving a remaining amount of $70,000.
Since the income increases by $10,000 per year for the remaining 10 years, it will take an additional 7 years to accumulate $70,000. Therefore, the total payback period would be 3 years + 7 years = 10 years.
However, since we are looking for the payback period under a no-return condition, where no income is generated after recovering the investment, we subtract the additional 7 years from the total payback period. Hence, the final payback period under a no-return condition is 10 years - 7 years = 6 years.
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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization
Answers
The following question is : false
The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:
b). False
'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.Learn more about 'Non-Profit Organization' here:
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Based on this information, what was yesterday’s price for parchar special effects? a. $114.36 b. $109.47 c. $106.81 d. $119.25
Answers
Based on this information, what was yesterday€™s price for parchar special effects $119.25.
Stocks are taken into consideration to be liquid belongings due to the fact you could without problems purchase and promote them at the inventory market. Bonds, meanwhile, are taken into consideration to be much less liquid (aleven though now no longer absolutely illiquid) due to the fact you can keep onto them till maturity.
The finest distinction among shares and bonds are their danger tiers and their go back potential. Speaking very generally, shares have traditionally provided better returns than bonds however additionally include improved danger. While you can earn greater with shares, you can additionally stand to lose greater.
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What is usually the result when larger down payments are made?
A. The larger down payment gives the debtor less equity.
B. The larger down payment gives the debtor more equity.
C. The larger down payment shows the debtor has more cash.
D. The larger down payment shows the debtor needs the loan.
Answers
the larger down payment gives the debtor more equity
You have established the following position:~ Short 100 ABCD 150 Calls~ Short 100 ABCD 150 Puts~If the price of ABCD is $150 at expiration, what is the resulting ABCD position in the customer's account on the business day following expiration? A. Flat or no position in ABCD B. Long 100,000 shares of ABCD C. Short 100,000 shares of ABCD D. Both ( b ) and ( c ) Unable to determine If you write a call, hoping to benefit from the time decay of the options premium, which one of the following measures would you use? A. Theta, expressed in percentage B. Theta, expressed in dollars C. Delta, expressed in percentage D. Delta, expressed in dollars E. Gamma, expressed in percentage
Answers
The resulting ABCD position in the customer's account on the business day following expiration is flat or no position in ABCD.
If you write a call, hoping to benefit from the time decay of the options premium, the measure you would use is: A. Theta, expressed in dollars.
The resulting ABCD position in the customer's account on the business day following expiration:
The customer has shorted 100 ABCD 150 calls and shorted 100 ABCD 150 puts.
If the price of ABCD is $150 at expiration, both the call and put options would expire worthless, as the price is exactly at the strike price.
In this case, the customer's options positions would be closed out, resulting in a flat or no position in ABCD in the customer's account.
If you write a call, hoping to benefit from the time decay of the options premium:
When you write or sell a call option, you receive the premium from the buyer of the option.
As time passes and the expiration date approaches, the value of the call option may decline due to time decay.
The measure used to gauge the impact of time decay on the option premium is called Theta.
Theta represents the change in an option's value with respect to time, and when expressed in dollars, it indicates the daily decrease in the option's premium due to time decay.
Therefore, to assess the benefit from time decay when writing a call, you would use Theta, expressed in dollars.
The resulting ABCD position in the customer's account on the business day following expiration is flat or no position in ABCD. When writing a call to benefit from time decay, the appropriate measure to use is Theta, expressed in dollars.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged _______ and older. Group of answer choices a. 21 b. 39 c. 40 d. 41 e. 65
Answers
The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged
C. 40What is Age Discrimination in Employment Act of 1967?This refers to the government policy where there is the protection for people aged 40 and older from being discriminated and prevented employment.
With this in mind, we can see that this Act was enacted in 1967 in order to encourage the employment of older people who were previously rejected in favor for more younger people.
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Based on the question above, the correct answer goes thus:
c. 40The ADEA prohibits employment discrimination against persons 40 years of age or older.
In conclusion, we can conclude that the correct answer is 40
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Which type of selling appeals to buyers who prefer to purchase a packaged solution to a problem from a single seller, thus avoiding all the separate decisions involved in a complex buying situation?
A) Modified selling
B) Bundled-option selling
C) Straight selling
D) Transactional selling
E) Systems selling
Answers
The correct answer is: E) Systems selling
Systems selling appeals to buyers who prefer to purchase a packaged solution to a problem from a single seller.
In systems selling, the focus is on providing a comprehensive solution that addresses the buyer's specific needs or problems. This approach involves offering a complete system or package that includes multiple products, services, and components necessary to solve the buyer's problem.
By providing an all-in-one solution, systems selling eliminates the need for buyers to make separate decisions and coordinate various components from different sellers. It simplifies the buying process for the customer and offers convenience, efficiency, and a holistic approach to meeting their needs.
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Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
Answers
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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if an industry is in long run competitive equilibrium and experiences a derease in demand then as a result the equilirbrium price will
Answers
If an industry is in long-run competitive equilibrium and experiences a decrease in demand, then as a result, the equilibrium price will fall, which will cause the representative firm's marginal cost curve to shift downward, and some firms will exit the industry.
In a long-run competitive equilibrium, the industry is characterized by firms earning zero economic profit. This means that the price is equal to the average total cost (ATC) of production for the representative firm.
If there is a decrease in demand for the industry's product, the equilibrium price will fall. This is because the reduced demand leads to a surplus of goods in the market, putting downward pressure on prices.
As the equilibrium price falls, the representative firm's marginal cost curve remains unchanged, as it is determined by the firm's production costs. However, the average total cost curve (ATC) shifts downward, reflecting the lower price level.
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The complete question is:
If an industry is in long-run competitive equilibrium and experiences a decrease in demand, then as a result the equilibrium price will __________, which will cause the representative firm's __________ curve to shift downward and some firms will __________ the industry.
rise; marginal cost; enter
fall; marginal cost; enter
rise; marginal revenue; enter
fall; demand; exit
fall; marginal cost; exit.
I have teechip im 14 trying to make money how do i make people buy my clothing and how do i promote it without money?
Answers
Answer:
you can advertise it through social media jazz your creativity too it will attract more attention if it is unique
janeen hears a rumor from a colleague in sales that there is going to be layoffs on friday afternoon. she quickly calls her friend in accounting to let her know. this is an example of .
Answers
Janeen hears a rumor from a colleague in sales that there's progressing to be layoffs on Friday afternoon. she quickly calls her friend in accounting to let her understand. this can be an example of the grapevine.
What is accounting?
⇒ The measure, processing, and sharing of economic and non-financial info concerning economic entities like enterprises and firms is thought as accounting, conjointly called business. The results of an organization's economic activities are measured through accounting, that has been named because the "language of business," and this info is shared with a spread of stakeholders, as well as investors, creditors, managers, and regulators. Accountants are people who observe accounting. Accounting and monetary reportage are ofttimes used interchangeably.
Financial accounting, management accounting, tax accounting, and value accounting are a number of the many subfields of accounting. The reportage of economic info regarding a corporation, as well as the creation of economic statements, to external users of the knowledge, like investors, regulators, and suppliers, is that the focus of economic accounting, whereas the main target of management accounting is on the activity.
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What is the present value of $10,000 per year in perpetuity at an annual interest rate of 10 percent if the perpetuity starts in year=4? a. $10,000 b. $75,131.48 c. $1,000 d. $68,301.35 e. $82,402.36
Answers
The correct option is d) $68,301.35
The present value of $10,000 per year in perpetuity at an annual interest rate of 10 percent if the perpetuity starts in year=4 is $68,301.35.
The present value of a perpetuity is calculated by dividing the annual payment by the interest rate. In this case, the present value of the perpetuity would be $10,000/0.10 = $100,000.
However, since the perpetuity starts in year 4, we need to discount the present value back to year 0 using the formula PV = FV/(1+r)^n, where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years.
So, the present value of the perpetuity in year 0 would be $100,000/(1+0.10)^4 = $68,301.35.
Therefore, the correct answer is d. $68,301.35.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
A state licensing fee on sales of medical devices causes the supply curve for one type of device to shift from S1 (without the fee) to S2 (with the fee). The fee is based on number of units sold and therefore works like a per-item tax paid by sellers. Use the area tool to draw the area representing the state's monthly revenue from the licensing fee for this one type of device.
Answers
Answer: hello your question is incomplete attached below is the complete question
answer ; Government revenue from tax = $750,000 per month
Explanation:
Attached below is the required graph
Government revenue from tax ( per month )
= ( 450 - 30 ) ( 50 - 0 )
= $750,000 per month
Why does long run aggregate supply curve shift?
Answers
The long run aggregate supply (LRAS) curve represents the level of real gross domestic product (GDP) that an economy can produce in the long run, when all factors of production, including labor, capital, and technology, are fully employed.
The LRAS curve is vertical, which means that the economy can produce a fixed level of output regardless of the price level. However, the LRAS curve can shift over time due to changes in the factors of production or technological advancements.
There are several factors that can cause the LRAS curve to shift, including changes in population growth, technological advancements, and changes in the availability and quality of resources.
• Increase in population growth: An increase in population growth can cause the LRAS curve to shift to the right, as more people means more potential workers and consumers, and thus, more potential output.
• Technological advancements: Technological advancements can also cause the LRAS curve to shift to the right, as they can increase the productivity of workers and enable the economy to produce more output with the same amount of inputs.
• Changes in the availability and quality of resources: An increase in the availability and quality of resources, such as natural resources or skilled labor, can also cause the LRAS curve to shift to the right, as they can enable the economy to produce more output with the same amount of inputs.
On the other hand, a decrease in population growth, a decrease in technological advancements, or a decrease in the availability and quality of resources can cause the LRAS curve to shift to the left. It is important to note that these factors do not shift the LRAS curve instantly, but over a period of time, thus it is called long run.
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The set of skills and knowledge needed to make informed decisions about
money matters is called financial literacy.
A. True
B. False
Answers
I’m pretty sure
what do you mean by office personal
Answers
Answer:
an office personal is a private office space.so having a private office you have more privacy and this can result in higher productivity if your work requires full concentration.
Explanation:
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