A) An increase in sales revenue received by the firm.
If worker productivity increases, the total output produced by the company will increase while the average cost per unit produced will decrease. This should result in a rightward shift of the supply curve that decreases the product's price at every level of quantity demanded. Since the demand is elastic, a small decrease in price will result in a larger increase in quantity demanded.
The correct answers to fill the blank spaces are not be; small
If a currency's spot market is liquid, its exchange rate will not be highly sensitive to a single large purchase or sale of the currency. Therefore, the change in the equilibrium exchange rate will be relatively small.
The public sector includes all sorts of government (central, state, and local). It provides basic goods or services that are either not, or cannot be, provided by the private sector, for example, schools, roads, etc.
Munich combines use of labor, materials and use of machinery and tool to construct a single complete building.
Munch Inc. delivers various types of construction materials to a customer's building site. Over an 18-month period, Munch's employees utilize Munch's machinery and tools to construct a new office building for the customer. Munch identifies only one performance obligation related to this contract because it combines use of labor, materials and use of machinery and tool to construct a single complete building.