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What assumptions cause the immediate-short-run aggregate supply curve to be horizontal? Why is the long-run aggregate supply curve vertical? Explain the shape of the short-run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and relatively steep to the right?
question 1income statement for sizzling foods inc. is shown belownbspnbspnbsp2011nbsprevenuesrevenue from sales of
Describe how each of the following will affect the price and quantity of equilibrium. To find out the new values, describe how the supply and/or demand curves will shift in the following cases (if at all).
what actions has the federal reserve taken to try to pull the united states out of this economic down turn? have these
Which of the following items would not be included in GDP for the current year?
What kind of market structure exists for the oil producers (i.e. the ones who pull it out of the ground and ship and sell it as crude oil)? What does this market structure tell us about the pricing
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
the demand for tickets at each game is q 100000 - 6000p. if the capacity of the stadium at that university is 40000
4. The manufacture of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows: TC = 500,000 + 0.85Q + 0.015Q2 and Q =14,166 - 16.6..
1.what important characteristics do all three types of imperfect competitive firms share?2.why is marginal revenue
you have worked as a real estate agent for 10 years and are earning about 100000 per year with your current agency. you
Private and Public Goods) Distinguish among private goods, natural monopolies, open-access goods, and public goods. Provide examples of each. a. What is the external cost per unit of production
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts
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