Questions

The long-run aggregate supply curve is vertical because it is at the full-employment or potential output. Because the economy's potential output is determined by the availability and productivity of real resources, not by the price level. That means that even if demand increases, firms can't hire new workers and expand because everyone is already working.

Mitochondria are organelles that generate most of the chemical energy needed to power the cell's biochemical reactions. Hence, thay are also called as Power house of the cell.

* Chemical energy produced by the mitochondria is stored in a small molecule called adenosine triphosphate (ATP).

Ratio analysis helps us to evaluate various aspects of a company's operating and financial performance such as its efficiency, liquidity, profitability and solvency. The trend of these ratios over time can be used to check whether they are improving or deteriorating.