All of the Following,except One,will Cause an Increase in Both

question 31

Multiple Choice

All of the following,except one,will cause an increase in both aggregate supply and long-run aggregate supply.Which is the exception?

• A)An increase in human capital.
• B)Technological improvement.
• C)A decrease in factor prices.
• D)An increase in the capital stock.

Analyze the components of a selling and administrative expense budget and understand its impact on cash flow.

Develop skills in preparing a cash budget and managing cash flow, including estimating cash receipts and disbursements.

Understand the principles of cost estimation and the influence of variable and fixed costs on the total cost of production.

Grasp the relationship between sales, production, direct material, direct labor, and overhead costs in budget preparation.

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Definitions:

Budget Line

A visual diagram showing every potential mix of two products that can be bought given specific income levels and price points.

Income

The amount of money received over a period of time, typically considered for individuals, households, or entities.

Prices Constant

A scenario in which the prices of goods and services remain unchanged over a period of time.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specified prices.