The long-run aggregate supply curve is vertical because: minimum wage sets the long-run wages. the price level is constant in the long run. wages and prices are only sticky in the short run, not in the long run. consumers tend to buy the same quantities over the long run.

Which ranks these careers that employers are most likely to hire from the least to the greatest?

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: