The cost per unit of production for a given product falls to an ideal level when production volumes rise with the addition of capacity. It is referred to as the economies of scale.
What is product?
Anything that can be sold is referred to as a “product.” To purchase the item with the aid of money, the item can be touched and seen. Consumer, professional, and industrial items come in a wide range of varieties.
The production phenomena known as “economies of scale” describes how a firm's output level rises with its capacity while its production costs decrease as a result of the growth in size or magnitude of its output.
Hence, the significance of the product is aforementioned.
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What happened after the governor of pennsylvania ordered 8,000 national guard troops into homestead?
Frick reopened the mill using strike breakers for labour after the governor of Pennsylvania ordered 8,000 national guard troops into homestead.
What was homestead strike?
In July 1892, a dispute between Carnegie Steel and the Amalgamated Association of Iron and Steel Workers exploded into violence at a steel plant owned by Andrew Carnegie in Homestead, Pennsylvania.It was one of the deadliest labour-management conflicts in the nation’s history, some 12 people were killed when striking workers attacked 300 Pinkerton detectives hired by the plant’s management as security guards.With the union’s three-year contract with Carnegie coming to an end in June 1892, Frick announced pay cuts for hundreds of Homestead workers. After refusing to negotiate with the union, he shuttered the Homestead steel mill on June 29, locking 3,800 workers out. Only around 725 of those workers belonged to Amalgamated, but all of them voted to strike, surprising Frick, who had assumed only union members would strike.To learn more about homestead strike : https://brainly.com/question/13415129
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Business incubators provide assistance to established companies attempting to generate foreign sales.
a) true
b) false
Business incubators assist established companies attempting to generate foreign sales. This statement is false.
What is Business?The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services). Additionally, it includes "any activity or enterprise undertaken for profit." The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.What do you mean by the company?A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two. Members of the company work together for a shared cause to accomplish clearly stated objectives. Companies come in many shapes, including voluntary associations, such as nonprofit organizations, for-profit companies, banks, and programs, or educational institutions, whose goal is to make a profit.Learn more about Business here:
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Hartley electronics, inc. , in nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the owner, janet hartley, to reduce inventory by introducing a kanban system. After several hours of analysis, you develop the following data for scanner connectors used in one work cell. How many kanbans do you need for this connector?.
Hartley electronics, inc., in Nashville, produces short runs of custom airwave scanners for the defense industry. You have been asked by the owner, Janet Hartley, to reduce inventory by introducing a Kanban system. After several hours of analysis, you develop the following data for scanner connectors used in one work cell. 62.4kanbans need this connector.
What do you mean by Kanban?Kanban, which means "sign" in Japanese, is an inventory management technique used in just-in-time (JIT) manufacturing to monitor production and place orders for fresh shipments of components and materials.Taiichi Ohno, an industrial engineer at Toyota, created Kanban, which uses visual cues to motivate the activity required to maintain a process flow.Limiting the accumulation of surplus inventory at any stage along the manufacturing chain is one of the key objectives of Kanban.What are the four Kanban rules?Never distribute faulty goods.Take only what is necessary.Produce the precise amount needed.Production should be leveled, fine-tuned, stabilized, and rationalized.Learn more about Kanban here:
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Business intelligence (bi) systems have four standard components called hardware, software, data, and procedures.
a) true
b) false
This is false that Business intelligence (bi) systems have four standard components called hardware, software, data, and procedures.
Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions. A sort of software known as "business intelligence," or "BI," can maximize the potential of data within an organization. To help businesses make wise judgments, it provides a better way to compare, sort, and examine data.
The five standard parts of Business intelligence (BI) systems are technology, software, data, processes, and people. a Business intelligence (BI) system's software component is referred to as a BI application.
Business intelligence (BI) assists users in making decisions based on data analysis. Advanced statistics and predictive analytics are used by data scientists to delve into the details of data in order to find patterns and predict new patterns.
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What played a crucial role in making britain the site of the first industrial revolution?
Over ninety-five percent of the population was literate, which played a crucial role in making Britain the site of the first industrial revolution.
Who were the real gainers in the Industrial Revolution?
Between 1815 and 1830, there was a decline in prices and a marginal rise in salaries. Real earnings appear to have increased between 1830 and the late 1840s. The middle class and a few competent employees whose employment was spared by the new machines were the true winners in the early Industrial Revolution.
Why is the Industrial Revolution the most impactful of all revolutions mentioned?
Because it altered Europe's economic and social structure, the Industrial Revolution was revolutionary. New approaches to arranging human labor were required during the revolution in order to optimize the advantages and revenues of the new machines.
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The difference between the lowest price a firm would have been willing to accept and the price it actually receives from the sale of a product is called?
Producer surplus is the difference between the lowest price a firm would have been willing to accept and the price it actually receives from the sale of a product.
A product is an object, system, or service offered for consumer use on demand. It is everything we can offer to the market to meet the wants and needs of our customers.
Goods are goods offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment.
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Assume that you plan to buy a condo 5 years from now, and you estimate that you can save $2,500 per year. You plan to deposit the money in a bank account that pays 4% interest, and you will make the first deposit at the end of the year. How much will you have after 5 years
Based on the fact that you will deposit $2,500 per year to buy the condo, the amount that you will have in 5 years is $13,540.81
How much will the amount grow to in 5 years?The fact that the amount is a specific amount every year makes it an annuity.
The value in 5 years will the be the future value of that annuity which can be found as:
= Annuity x ( ( 1 + rate) ^ number of years) - 1) / rate
= 2,500 x ( (1 + 4%)⁵ - 1) / 4%
= $13,540.81
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Of the three core processes of business identified by bossidy and charan, which do they believe is the most important?
Of the three core processes of business identified by Bossidy and charan people are the most important.
No profitable method may be deliberate without contemplating the company's capability to execute it. The heart of execution lies in 3 core tactics: the human technique, the method system, and the operations process. Each enterprise and corporation uses these methods in a single form or different.
There are 3 specific forms of enterprise operations- service, merchandising, and manufacturing. For a commercial enterprise to feature properly and productively, entrepreneurs have to recognize which business operation aligns with their corporation and the duties it involves.
Core methods are the ones involved in the improvement and advent of the products or services, the advertising, and marketing, and transfer to the service beneficiary or customer, in addition to patron feedback or after-sale aid of the services or products.
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Gerritt wants to buy a car that costs $26,750. the interest rate on his loan is 5.33 percent compounded monthly and the loan is for 7 years. what are his monthly payments?
382.24 are his monthly payments.
Present value of ordinary annuity = Payment * [1 - (1+ interest)- number of payments] / interest
26750 = Payment * [1 - (1+ 5.33%/12)- 7*12] / (5.33%/12)
26750 = Payment * [1 - (1+ 0.004442)- 84] / 0.004442
26750 = Payment * [1 - 1/(1.004442) 84] / 0.004442
26750 = Payment * [1 - 1/1.451071] / 0.004442
26750 = Payment * 0.310854 / 0.004442
26750 = Payment * 69.980639
26750 / 69.980639 = payment
$382.24 = payment
Monthly payments are the amounts paid each month to pay off the loan over the term of the loan. When you take out a loan, you have to repay not only the principal and the amount borrowed, but also accrued interest.
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When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they?
When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they option(d)i.e, Give the firm a stronger financial foundation.
A general partnership, which is the fundamental type of partnership under common law, is, in the majority of nations, a grouping of people or an unincorporated business having the main characteristics listed below: Estoppel, proof of existence, and agreement are all necessary for creation.
A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.
In a sole proprietorship, the business's owner is personally liable for all debts and obligations. In a partnership, two or more individuals pool their resources for the company and split earnings and losses.
The complete question is:
When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they:
a) Are less risky because each partner is responsible for only a specified fraction of the firm's debts.
b) Are easier to terminate.To know more about refer to:
c) Cost less to organize.
d) Give the firm a stronger financial foundation.
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When filing your tax return, what is the maximum amount you can deduct for a capital loss?.
When filing your tax return, the maximum amount you can deduct for a capital loss is $3,000(for individuals and married filing jointly) or $1,500 (for married filing separately).
What is a tax return?A tax return is such or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data.
Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.
Some characteristics is of tax returns are-
For just an individual or corporation having reportable income, such as wages, interests, dividends, capital appreciation, or other earnings, tax returns must typically be filed annually.The tax return is just a document submitted to a taxing authority that lists earnings, outlays, and other pertinent financial data.Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.Tax returns must typically be filed yearly.To know more about tax returns, here
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During 2014, carlita's competitor farside had double the sales of carlita, but it also earned a gross margin of $30,000. what was farside's 2014 gross margin percentage?
The gross margin percentage is 12.5%.
Gross income is revenue much less the charges of products bought. Gross profit and gross margin are on occasion used interchangeably. in the meantime, gross margin and gross profit margin also are used interchangeably, Gross profit margin takes the gross income (sales much less value of goods bought) and divides it via sales.
Gross margin is revenue minus the price of goods bought (COGS). Gross margin is now and again used to refer to gross income margin, that's revenue minus price of goods bought (or gross income) divided by means of revenue.
Gross margin equates to internet sales minus the fee of products offered. The gross margin indicates the amount of profit made earlier than deducting promoting, standard, and administrative (SG&A) fees. Gross margin can also be called gross profit margin, that's gross profit divided via net sales.
Farside's sales = (Sales of Carlita * 2) = $120,000*2 = $240,000.
Farside's gross margin percentage
= (Gross margin / Sales) * 100
= ($30,000 / $240,000) * 100
= 12.5%
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Select the correct answer. cameron purchased an electric guitar for $1,875. the value of the guitar depreciates by 20% each year. in how many years will the guitar be valued at $768?
The number of years it will take for the guitar to be valued at $768 given the initial value and the rate of depreciation is four years.
In how many years will the guitar be valued at $768?
When an asset depreciates,it means that with the passage of time, the value of he asset declines.
Number of years = (In FV / PV)/r
FV= future value = 768
PV = present value = 1875
r = rate of depreciation =20
(In 768 / 1875) / 0.2 = 4 years
What is the rate of depreciation?
Depretiation is the systematic allocation of the depreciable amount of an asset over its useful life.
The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.
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Typical broker-dealer fees that must be disclosed as part of a fee disclosure document would include?
Typical broker-dealer fees that must be disclosed as part of a fee disclosure document would include the interest charged by the firm on money owed by customers in their margin accounts.
A "margin account" is a specific kind of brokerage account where your broker-dealer lends you money to buy securities (sometimes referred to as "margin securities") while using the account as security. You might be able to hold a cash account and a margin account simultaneously with some brokerage firms.
A "margin account" is a specific kind of brokerage account where the broker-dealer lends the investor money to buy securities while using the account as collateral. While margin gives investors more purchasing power, it also exposes them to the possibility of bigger losses.
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Chegg which of the five major sources of cost advantage contributed to the tata nano being the world’s least expensive car?
The Nano is the least expensive production car in the world. Cost saving features include: no power steering, a 2 cylinder engine, no airbags, and 3 lug nuts 4 . Cooperating especially well with suppliers 5 . Getting inputs from low cost locations.
Tata's tiny little car, the Tata Nano , is no longer billed as the cheapest car in the world. Online Motors Jason , senior editor at his magazine , recently received e-commerce giant Alibaba's "4 Wheels Electric Mobility Scooter" in a box. Car prices he $930-$1200.
The Tata Nano has become the cheapest car in the world thanks to the economical engineering and innovation of the designers at Tata Motors. They built cars that fit in small frames, and despite their low price, safety was not compromised.
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What provides an end-to-end view of how operations work together to create a product or service?
a. business intelligence
b. management
c. information systems
d. systems thinking
Business intelligence provides an end-to-end view of how operations work together to create a product or service. Business intelligence is the procedural and technological framework that collects, stores, and analyses the data produced by a company's operations. Descriptive analytics, performance benchmarking, process analysis, and data mining all fall under umbrella of business intelligence (BI).
Process analysis, descriptive analytics, and performance benchmarking. Business intelligence (BI) organizes all the data that a company generates into manageable reports, performance metrics, and trends. Spreadsheets, reporting/query software, data visualization software, data mining tools, and online analytical processing are different types of BI tools and service available.
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List the steps in the accounting cycle from beginning to end. Place the first step on top and list them down to the last step on the bottom.
There are 8 important steps in the accounting cycle. These steps are transactions, recording transactions, posting, trial balance, worksheet, adjusting entries, financial statements and closing.
What is the accounting cycle?It is a cycle that helps in recording all the financial transactions of a company. It helps in keeping a record, analyzing data, and reporting the findings. It plays a key role in maintaining the overall efficiency of work. What are 8 steps in the accounting cycle?Transactions: any financial transactions happening in the company start the process. If there are no transactions then there would not be any cycle. Recording transactions: any transactions that have taken place need to be recorded first. This is also called journaling transactions. Posting: all the entries are then posted to a general ledger. All the data can be seen in a summarized form in the GL. Trial Balance: after the end of the accounting period, all the balance is calculated.Worksheet: it is created in order to make sure that the debited balance and the credited balance are equal. Adjusting entries: adjustments are made and they are recorded as some journal entries. Financial statements: Using the correct balance an income statement, cash flow statement and a balance sheet is maintained. Closing: This marks the end of a cycle. The company closes the accounting books and makes a report of the overall cycle.To learn more about accounting cycle visit: https://brainly.com/question/17373928
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Do you think marketing intelligence tools and techniques has the potential to invade the privacy of private citizens? why or why not?
Market intelligence tools (also named marketing intelligence software) support businesses collect and aggregating required information about companies and people in their marketplace.
What is marketing intelligence tools?Market intelligence tools (also named marketing intelligence software) support businesses collect and aggregating required information about companies and people in their marketplace. This can include firm graphic information. financials and allocation rounds. competitive knowledge and analysis. Market intelligence allows you to become more customer-centric, gain a better understanding of market demands and consumer opinions, gather real-time relevant data, improve upselling chances, minimize risks, improve market share, and gain a competitive edge.
Technological innovation holds outpaced our privacy protections. As a result, our digital footprint can be tracked by the government and corporations in practices that were once unthinkable. This digital footprint lives constantly growing, including more and more data about the most intimate elements of our lives. As connectivity improves access to information, it also increases the possibility for agents to act established on the new sources of information. When these sources include personal information, risks of damage, inequality, discrimination, and loss of autonomy easily occur.
Anti-virus software exists becoming increasingly concentrated on online protection since this stands where most malware and attacks on privacy come from. Anti-virus tools like Bit defender can block unauthorized environment connections, warn you about suspect sites, and pick up any phishing exercise.
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The change in a firm's total cost from producing one more unit of a good or service is:______
The change in a firm's total cost from producing one more unit of a good or service is marginal cost.
In economics, the marginal cost is the exchange in general production price that comes from making or producing one additional unit. To calculate marginal cost, divide the trade in production fees by means of the alternate amount.
The cause of studying marginal cost is to decide at what factor a company can achieve economies of scale to optimize production and average operations. If the marginal cost of producing one extra unit is lower than the in keeping with-unit fee, the manufacturer has the capacity to advantage earnings.
Change in total value = total value of production including extra unit – total value of production of a normal unit. change in quantity = total amount product including additional unit – total quantity product of normal unit.
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When comparing alternatives with different cash flow amounts paid in different time periods, you should convert all of the amounts to their ____________ to make a better comparison
When comparing alternatives with different cash flow amounts paid in different time periods, you should convert all of the amounts to their present value to make a better comparison.
Amounts of money or streams of cash flows that are anticipated in the future are measured by their present value (PV), which expresses their value now. Since time itself impacts value, this value will be different from the nominal value of the cash flows. Time stands for separation from money, and separation breeds danger, which cancels out value.
The value of cash at some point in the future that is similar today is its present value. The ability for investors to compare values across time makes present value crucial. PV can assist investors in evaluating the potential financial gains from present assets or liabilities.
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According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build.
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build short term sales.
What is short term sales?An asset or stock that the seller does not own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. In contrast, a seller holds a long position in the stock or securities.Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques. Additionally, they come with regulatory hazards.To be successful, short sales need to be timed almost perfectly.to know more about short term sales with the given link
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_______ is all the organizations and activities involved in the upstream and downstream flow of providing products to customers.
The supply chain is all the organizations and activities involved in the upstream and downstream flow of providing products to customers.
Various stages within a supply chain are often referred to as upstream or downstream. Upstream is where the material flows into the tissue. Downstream operations are those in which materials (mainly in the form of finished products) flow from an organization to a customer.
Upstream oil and gas exploration is done by companies that identify, extract or produce commodities. Downstream oil and gas production deals with everything related to post-production activities of crude oil and natural gas.
The upstream and downstream supply chain includes all activities related to an organization's suppliers (those who source raw materials to be sent to manufacturers).
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When the terms of a contract are well understood by each party, yet no words are spoken, such a contract is said to be a(n)_________.
Implied contracts are created by the words and the actions of the parties but is not written or spoken.
What are the rules of implied contract?
It is essential to demonstrate an unambiguous offer, an unambiguous acceptance, a shared desire to be bound, and consideration in order to prove the existence of an implied contract in fact. However, rather than through explicit written or oral agreements, these characteristics may be established by the behavior of the parties.
Why are implied contracts important?
Legal responsibility for an unjustly benefited party to provide restitution to the other party is known as an implied-in-law contract. It is utilized not only in the absence of a contract but also in the event of a complete breach of that contract.
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An ability to efficiently allocate capital through an internal market may help the firm protect the competitive advantages it develops?
An ability to efficiently allocate capital through an internal market may help the firm protect the competitive advantages it develops through reduced disclosure to outside parties.
A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins.
For instance, a business is likely to have a competitive advantage if it advertises a product at a lower price than a similar product from a rival. The same holds true if a product is promoted that is more expensive but has special characteristics that people are ready to pay for.
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Can a database contain two identical records without a negative effect on the integrity of the database? why or why not?
Yes, a database can contain 2 identical records.
Identical records imposing a negative effect on the integrity will depend on whether the database semantics allow duplicates or not.
If the database table doesn't have any defined key or other 'unique' constraints, then we can have multiple identical records. Otherwise, we will not have multiple identical records.
The database might be a list of all transactions for a store, in which case it would be very possible for two people to purchase the same item, causing duplicate records.
Yes, a database can contain two identical records. The database/table structure determines whether identical records break integrity. If the database table does not have a defined key or other "unique" constraint, then it is possible to have multiple identical records, but not vice versa.
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Kyle invested $15,000 in a savings account. if the annual interest rate is 5%, how much will be in the account in 10 years for quarterly compounding? round your answer to two decimal places.
Answer: identify the values of each variable in the formulas. Remember to express the percent as a decimal.
Explanation:
Allen agrees to paint Carolyn's house for $5,000. Two days after he starts the job, he decides that $5,000 isn't enough money. He refuses to finish the job, unless Carolyn agrees to pay him $1,000 more. Carolyn later refuses to pay the $1,000 and Allen sues. Will he win
No, if Carolyn later refuses to pay the $1,000 and Allen sues. Allen will not win.
Legal caseAndrew will not will the case in a situation were he sue Carolyn's.
The reason why will not will the case is that Allen has already be obligated to paint Carolyn's house and he gives no extra consideration in return for Carolyn's promise to pay more or additional money.
Therefore based on the given scenario, if Carolyn later refuses to pay the $1,000 and Allen sues. Allen will not win.
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Construction work is much riskier than working as a server at a restaurant. as a result, we'd expect a difference in wages between the two jobs. the difference is known as:_______
Construction work is much riskier than working as a server at a restaurant. as a result, we'd expect a difference in wages between the two jobs, the difference is known as a compensating differential. Thus, option B is correct.
What is Construction work?Construction is work where people build buildings, apartments, homes, and bridges which includes demolishing, creating, and constructing. A plan is led out for the structure that is to be made.
Compensating differentials is a difference in pay between two jobs. it is often done because there is risk involved, more work to do, or attracting employees. Therefore, option B is the correct option.
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The question is incomplete, the options will be:
a. An efficiency wages.
b. A compensating differential.
c. A wage adjustment.
d. A minimum wage.
If the economy is operating way below capacity, an increase in aggregate demand causes a ________ change in the price level and ________ change in output.
If the economy is operating way below capacity, an increase in aggregate demand causes option(c)i.e, a big change in the price level and a small change in output.
The entire amount of money spent on those goods and services at a particular price point and time is referred to as aggregate demand. All consumer products, capital goods (factories and equipment), exports, imports, and government spending make up aggregate demand.
The reason aggregate demand is important is that it provides economists with a tool for assessing the health of an economy. The overall market for goods produced in an economy during a year is typically estimated by economists. When total demand is high, an economy is robust and can sell a lot of goods.
A rise in overall demand drives economic growth aggregate demand (AD). If the economy has excess capacity, an increase in aggregate demand (AD) will result in a higher level of real GDP.
The complete question is:
If the economy is operating on the relatively vertical segment of the aggregate supply curve, an increase in aggregate demand causes a ________ change in the price level and a ________ change in output.
A) small; small
B) big; big
C) big; small
D) small; big
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When one decision is made, the next best alternative not chosen is called which term?
When one decision is made, the next best alternative not chosen is called Opportunity Cost.
The opportunity cost of a certain activity option is defined as the loss of value or benefit that would result from engaging in that activity (the cost) as opposed to engaging in an alternative activity that offers a higher return in value or benefit in microeconomic theory.
The comparative advantage increases as the opportunity cost decreases. For instance, renting a car is prohibited if you buy one and use it just for transportation, but buying a car is permitted. Simply said, it indicates that you trade one item for another.
Opportunity cost can be expressed in the following simple equation: "Opportunity Cost = (returns on best Forgone Option) - (returns on Chosen Option).
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