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What is Input cost of supply?
cost of direct material, direct labor, and other overhead items devoted to the production of a good or service.
What might happen to aggregate supply curve if there was a significant increase in the cost of foreign oil?
The aggregate supply curve shifts to the left as the price of key inputs rises, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.
What would happen to a supply and demand graph if the cost of production increases and why?
supply must shift up/left because at every quantity, the price would be higher
What factors influence the short run aggregate supply curve?
Factors that influence the short run aggregate supply curve include changes in input prices, technology, government regulations, and expectations of future prices. These factors can impact the cost of production and the ability of firms to supply goods and services in the short term.
Which way will an increase in labor cost shift the supply curve?
An increase in labor cost will decrease supply, so the supply curve will shift left.
What is Input cost of supply?
cost of direct material, direct labor, and other overhead items devoted to the production of a good or service.
What might happen to aggregate supply curve if there was a significant increase in the cost of foreign oil?
The aggregate supply curve shifts to the left as the price of key inputs rises, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.
How do input cost effect supply?
Input costs are the costs firms must pay in order for them to be able to present a product to a market. These can include land, capital and labour. If the supply is represented by an upward sloping curve on a supply-demand graph, input costs will influence how far to the left or right the entire curve will shift. This means that the cost of inputs will dictate the prices at which firms will be willing to sell different quantities of their product. Should input costs increase, firms will want to supply less of each product at each price, so the entire curve shifts to the left. Should input costs decrease (a decrease in wage rates, for example) then the firm will be able to offer more of each product at each price, and so the entire supply curve will shift to the right.
How prescription drugs affect the demand and supply of other products and services in this country?
The cost, supply and demand can have a direct effect on herbal remedies, and natural foods and supplements. As the cost of prescription drugs rises, more people will turn to alternatives, driving demand for those items.
What would happen to a supply and demand graph if the cost of production increases and why?
supply must shift up/left because at every quantity, the price would be higher
What is a cost that rises or falls depending on how much is produced?
variable cost
How much is produced depending on a cost that rises or falls?
variable cost
What is A cost that rises or falls depending on how much is produced is?
variable cost
What cost that rises or falls depending on how much is produced is .?
variable cost
Can technology cause a drop in input of cost?
i was hoping to find the answer here....but i guess NOT -___-
What factors influence the short run aggregate supply curve?
Factors that influence the short run aggregate supply curve include changes in input prices, technology, government regulations, and expectations of future prices. These factors can impact the cost of production and the ability of firms to supply goods and services in the short term.
What does switch mode power supply mean in computer applications?
A switch mode power supply is chosen for an application when its weight, efficiency, size, or wide input range tolerance make it preferable to linear power supplies. Initially the cost of semiconductors made switch mode supplies a premium cost alternative, but current production switch mode supplies are nearly always lower in cost.
