do fast The following graph shows an increase in short-run aggregate supply in a hypothetical economy where the currency is the dollar. Specifically,aggregate supply shifts to the right from SRAS1 to SRAS2, causing the quantity of output supplied at a price level of 100 to rise from 200 billion to$250 billion.PRICE LEVEL200175SRAS150SRAS12510075502500 50100150 200 250 300350400QUANTITY OF OUTPUT?The following table lists several determinants of short-run aggregate supply.Fill in the table by indicating the changes in the determinants necessary to increase short-run aggregate supply.Change Needed to Increase SRASInflation ExpectationsQuantity of Resources AvailableEfficiency-Reducing Business RegulationsLower

In analyzing the determinants of short-run aggregate supply (SRAS), three key factors must shift in…

Answered: The following graph shows an increase…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The government of Australia has embarked on various policies such as Job Keeperand the provision of subsidies to firms in order to reduce the severity of COVID 19 on theeconomy. Suppose the money supply expands such that the Reserve Bank predictsthat the economic expansion is not sustainable.Use two diagrams one for the money market and another for the goods and services(Aggregate Demand and Aggregate Supply model), to explain the policy that theReserve Bank can adopt in order to overcome the effect of increasing the money supplyon the economy.Assume that: the money supply increased from the equilibrium of AUD 40 billion to AUD 70billion Interest was reduced to the interest rate of 1.5% as part of the stimulus packagefor the nation to overcome the effects of COVID 19. But the equilibrium interestrate is 4% Assume that equilibrium real GDP is AUD 60 billion Assume that inflation during the COVID crisis was at an equilibrium price of CPI 65 Assume that to overcome the inflationary…
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3. Daily demand for tablets of amazon is normally distributed, with a mean of 100 and standard deviation of 30. The tablet supplier takes an average of 15 days to replenish inventory at Amazon. The standard deviation of the supplier lead time is 5 days. Amazon follows a "periodic review policy" with a review period of 30 days. Amazon is targeting a CSL of 98% for its tablet inventory. (a) What is the mean demand during lead time and review period? What is the standard deviation of demand during lead time and review period? (c) What is the safety (b) stock (in units) during lead time and review period?
Outline what you would expect the price and income elasticity of demand of the following goods to be and why: 1-liter cartons of milk Beach holidays Pizzas delivered to the home A tube of Colgate toothpaste A tube of toothpaste Note: you are at liberty to suggest a value for elasticity in each case, however it is also acceptable to refer to the degree of elasticity which you think applies.
Refer to the slides on buy-back contracts to answer this question. A publisher sells books to Borders at $12 each. The marginal production cost for the publisher is $1 per book. Borders prices the book to its customers at $24 and expects demand over the next two months to be normally distributed, with a mean of $20,000 and a standard deviation of $5000. Borders places a single order with the publisher for delivery at the beginning of the two-month period. Currently, Borders discounts any unsold books at the end of the two months down to $3, and any books that did not sell at full price sell at this price. How many books should Borders order? What is the expected profit? How many books does it expect to sell at a discount? What is the profit that the publisher makes given Borders’ actions? A plan under discussion is for the publisher to refund Borders $5 per book that does not sell during the two-month period. As before, Borders will discount them to $3 and sell any that remain.…
Toyota is filling an order from a Korean industrial company for machinery worth 160,000,000 Won. The export sale is denominated in Korean Won and is on a one-year open account basis. The opportunity cost of funds for Kristo Asafo Tools Ltd is 8%. The Current spot rate between Won and Dollars is 800 Won/$. The forward Won sells at a discount of 12% per annum, but the finance staff of toyota Believes that the Won will drop only 9% in value over the next year. Toyota faces the following choices This question compares the cost of a money market hedge with a forward hedge, and considers both alternatives against the possibility of remaining unhedged.Wait one year to receive the won amount and exchange Won for dollars at that time.Sell the Won proceeds of the sale forward today.Borrow Won from a Seoul bond at 20% per annum against the expected future receipt of the Korean importer’s payment.What do you recommend and why?
Answer the question based on the following supply and demand schedules in units per week for a product. Price Quantity Demanded Quantity Supplied $ 60 100 400 50 140 340 40 180 280 30 220 220 20 260 160 10 300 100 Refer to the above table. If demand increased by 100 units at each price level and the government set a price ceiling of $40, then there would be Multiple Choice a shortage. a surplus. no shortage or surplus. a decrease in supply.
Suppose a farmer is a price taker for soybean sales with cost functions given by the following:TC = 0.197 +29 + 30MC = 0.2q +223. The firm's supply curve is given by? a) q = 5 P-10b)9 = 0.2P+2c)9 = 10P-2d) q = 2P-524. If P = 6, the profit - maximizing level of profits isA)$10 b) $20. c)$30. d) - $10.
Using labelled scatter diagrams, explore the relationship between Quarter 1 projected revenue and that of Quarters 2, 3 and 4, pointing out any differences between them.
CANON produces printers for sale in northern Europe in its Taiwan factory. Printers sold in different countries differ in terms of the power outlets as well as the language for the manuals. Currently, CANON assembles and packs printers for sale in individual countries. The distribution of weekly demand in different countries is normally distributed, with means and standard deviations as shown in the table below: Country Mean Weekly Demand Standard Deviation Germany 3,000 2,000 Norway 4,000 2,200 Denmark 2,000 1,400 3(a). Initially, it is assumed that demand in different countries is independent. Given that the lead time from the Taiwan factory is eight (8) weeks, how much safety inventory does CANON require in northern Europe if it targets a CSL of 95 percent? HINT: For the disaggregated option, just show sample calculations for one country (e.g., Germany), then organize the results for the remaining countries in a table or amend the table…
If a 3% increase in the price of corn flakes causes a 6% decline in the quantity demanded, what is the elasticity of demand?
You have been made the purchasing manager of a local bakery that specialises in artisanal bread, pastries, and cakes. This bakery is steadily growing in the Durban CBD and is seeing increased growth month on month as a result of lowered Covid-19 regulations. Answer the following questions with application to your new role. The human resources function and the finance function are required for efficient purchasing and supply activities. Explain how these two functions depend on the purchasing function with application to the bakery.

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