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Question: The slope of the AS curve:
(a) Why does the AS curve slope upward?
(b) If the AS curve were more steeply sloped, how would the economy respond differently to aggregate demand shocks (shocks to a)?
(c) If the curve were more steeply sloped, how would the economy respond differently to aggregate supply shocks (shocks to o)?
(d) What kind of economic changes in the economy would lead the curve to be more steeply sloped?
your grandmother heard you were studying economic and decided to make use of your knowledge. she is selling her house and wants to know what price to ask for her well kept house in a growing neighborhood you need more information; what did it cost..
A firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50.What will be the result?
nbspthree oligopolists a b and c produce an identical product q. q is produced under conditions of constant costs
The long-run factor demand problem.
Today (year 0) a new 7-megaWatt (MW) solar panel farm is constructed at a cost of $14 million. Four years from today, a smaller 6-MW solar farm will be added.
These multiple choice questions are relates to Economics. The first question is about what is not rent-seeking behavior and the second question is about what happens when new firms enter a competitive market.
How does a price ceiling undermine the rationing function of market-determined prices How could rationing coupons insure that consumers with the highest values get the limited amount of a good supplied when government price ceilings create shorta..
Why is the marginal cost curve the supply curve for a firm that maximizes it profits? Explain your answer with a graph. Show the areas of profits for any price that the firm may face. (6)Let's pretend that you are in the competitive shelter-building..
Suppose that a profit maximizing companies short run cost is TC=700+60Q. If the demand curve P=300-15Q, which of these options should it do in short run?
What factors are considered in calculation of the CPI?
As a single parent earning on a limited income, how can you stretch your grocery dollar to plan nutritious meals for you and your children?
The statement best describes the economics of Caribbean South America the people of the region largely survive on subsistence farming while national industries focus on mining and oil drilling.
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