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Other things remaining the same, what would happen to the supply of a particular commodity if the following changes occur?
a. The price of the commodity decreases.
b. A technological breakthrough enables the good to be produced at a significantly lower cost.
c. The price of inputs used to produce the commodity increases.
d. The price of a commodity that is a substitute in production decreases.
e. The managers of firms that produce the good expect the price of the good to rise in the near future.
f. Firms in the industry purchase more plant and equipment, increasing the productive capacity in the industry.
Explain how labor market equilibrium is affected by the supply also demand of labor.
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually.
q.which of the government policies below is not likely to encourage per capita economic growth?in the latter end of
Johnny has allocated $30 toward coffee and tea and feels that coffee and tea are perfect substitutes. Due to differences in caffeine levels, his MRS of tea for coffee equals 2.
Suppose that your parents are deciding where to hide your (insert non-offensive, not religiously affiliated holiday here) presents while you’re trying to decide where to look for them. The payoff to your parents from successfully hiding your presents..
A market consequence of the establishment of a price floor program is that price will be:
Illustrate what happens to the marginal product of each individual factor as that factor is increased, and the other factor is held constant.
According to Purchasing Power Parity, if a country has a relatively high inflation rate then its currency should be depreciating. Explain.
Does the estimated equation provide evidence in support of the CAPM for stock
karens performance pizza is a small restraunt in ny that sells gluten free pizzas karens very tiny kitchen barely has
Why short run aggregate supply curve is positively sloped? Why long run aggregate supply curve is vertical? Depict graphically the equilibrium in the aggregate demand and aggregate supply model? Explain how short run aggregate supply shifts affect th..
Illustrate wwhat is the effect on the market for one hour of babysitting services in Middling today.
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