The short-run aggregate supply curve is upward sloping

Assignment Help Microeconomics

Reference no: EM13685379

The short-run aggregate supply curve is upward sloping for all of the following reasons except:

A) Some markets are posted-price markets.

B) Some firms adjust their production in response to an increase in demand.

C) Some firms adjust their mark up in response to an increase in demand.

D) All inputs are fully utilized in the short run.

Reference no: EM13685379

Questions Cloud

Electronic mail represents a technology : Electronic mail represents a technology that is integrally woven in our daily lives as a means of communication. In two to three pages, provide an overview of this technology detailing among other things its implementation and the components n..

A new aerated sewage lagoon is required in a small town : A new aerated sewage lagoon is required in a small town. Earlier this year one was built on a similar site in an adjacent city for $2.3 million. The new lagoon will be 65 percent larger. Use the data in Table 2-l to estimate the cost of the new lagoo..

Explain the use of cost-benefit analysis : Explain the use of cost-benefit analysis in managing environmental matters. Evaluate its appropriateness as a decision-making tool for environmental issues.

Future value-periodic interest rate of compounded annually : What is the future value, ten years from now, of ten $1,000 cash flows using a periodic interest rate of 8 percent compounded annually? The cash flows are made at the end of each year.

The short-run aggregate supply curve is upward sloping : The short-run aggregate supply curve is upward sloping for all of the following reasons except:

A fall in the price level will : A fall in the price level will:

Figures of a firm operating under perfect competition : If the table represents the production and cost figures of a firm operating under perfect competition and the market price is 142.86, what is the profit maximizing level of output? What is the profit of this firm at this level of output?

Recessionary or inflationary gap : Are we in a recessionary or inflationary gap? Neither? Are we in a deep recession? Are we in a large inflationary gap? If we are in neither, what direction (recession or inflation) is the economy headed in your opinion?

Linear programming project : Linear Programming Project

User Account

All Pages