Which of the Following Is Not a Determinant of Long-Run

question 18

Multiple Choice

Which of the following is not a determinant of long-run aggregate supply?

• A) the level of skills in the workforce
• B) the price level
• C) technology
• D) the quantity of capital

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Definitions:

Average Total Assets

The average value of all the assets a company owns, calculated over a specific period, typically used in financial analysis to assess efficiency.

Gross Profit

The difference between revenue and the cost of goods sold, essentially the profit a company makes before deducting operating expenses.

Net Sales

The amount of sales revenue left after returns, allowances for damaged or missing goods, and discounts are deducted.

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets by comparing sales with average total assets.