Explain in detail why the aggregate short-run aggregate supply curve is upward sloping?

Q: Mr. Soriano is an OFW from United States of America and returned to Philippines for good last Decemb...

A: The money system utilized in a nation, particularly paper money, is defined as currency.The American...

Q: A company is setting up a project to buld having Units in which the investment volume is estimated a...

A: Introduction Initial investment = 20,000 ×100 dollar =2,000,0004 = 500,000 Cost = 50,000 annual net ...

Q: List the Good and Bad effect of global free trade in a country?

A: The economics as a study is based upon the idea that the resources which are used in the economy are...

Q: 4. Consider an individual who lives for 2 periods and each period receives a constant income of $y p...

A: Given information U(X0,X1)=X02+βX12Income in each periodY1 and Y2interest rate=r

Q: Assume that the demand curve is a straight line. If the price per unit of a good rises from $4.50 to...

A: Price elasticity of demand means percentage change in quantity demanded due to the percentage change...

Q: Consider the model of public goods in the last section of this chapter. (a) Suppose that preference...

A: The correct answer is given in the second step.

Q: Question: "Will Hong Kong have inflation or deflation in the second half of 2022?"   Write a conclus...

A: The Hong Kong economy arranged an apparent recovery in 2021, having encountered a profound downturn ...

Q: annual benefits from the company a revenue?

A: Revenue refers to the entire amount of money earned through the sale of goods and services related t...

Q: At full employment, the expected inflation rate is A. higher than the inflation rate O B. equal to t...

A: Full employment refers to an economic condition in which all available labour resources are being em...

Q: An optional question to give you more practice solving games. Consider the following one-shot simult...

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Q: In year 2012, the size of an economy is equal to $15 trillion; in 2013, it increases to $16.5 trilli...

A: Given that: GDP2012 = $15 tnGDP2013 = $16.5 tn Let us calculate the growth rate: g = GDP2013 - GDP20...

Q: real GDP exceeds potential GDP, then employment is nemployment rate. full employment and the unemplo...

A: Okun's law states the inverse relationship between unemployment and GDP.  According to Okun's law: 2...

Q: The average salary of male employees in a firm was Dollar 5200 and that of females was Dollar 4,200....

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Q: Suppose there are two power plants that release sulfur dioxide (SO2) into air at their current produ...

A: Given that; MAC1 = 3q1 + 5 MAC2 = 2q2 Two power plants release 150 units of SO2  and each firm curre...

Q: Suppose the local authorities wanted to achieve a more drastic reduction in total pollu- tion of 75 ...

A: Let us assume ,  Marginal abatement cost of firm 1 be = c1  Marginal abatement cost of firm 1 be = c...

Q: A firm uses financial leverage when it: O A) replaces labor with capital. B) borrows money from a ba...

A: Leverage is an investment strategy of using acquired cash specifically, the use of various financial...

Q: It costs 100, 000 pesos at the end of each year to maintain a certain portion of a highway. If money...

A: Given: The cost of maintaining a certain portion of a highway is = 100,000 pesos The money is worth ...

Q: Price level (P) LRAS SRAS,

A: At point D, SRAS2 and AD1 intersect each other. At point A, SRAS1 and AD1 intersect each other.  So,...

Q: 7. Product & Cost Curves: Numerical Cobb-Douglas Case > Continue with the general functions from the...

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Q: Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the ...

A: The equilibrium is established where the demand and supply forces are equal. the change in the deman...

Q: If two companies are seeking regulatory approval to merge their respective businesses, which of the ...

A: A merger refers to the legal agreement between two firms to work together and act as a single firm. ...

Q: What are some characteristics of perfect competition?  Is the Banana market a perfect competition? ...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: 8. Why has party organizational strength grown more dramatically in the South than in other regions...

A: Theories of party organizational resurgence suggest that the strength of party organizations counter...

Q: Discuss the global and local problems in the economy on why there us a lot of working students

A: An economy is defined as all activity in a given region that is connected to the production and cons...

Q: The demand function for a truckload of firewood in a small town with a college is Q = 200 - 1.5p for...

A: Demand function for college students:- Q = 200 - 1.5P Demand function for non students:- Q = 200 - p

Q: Receive floating volatility during a 12 Pay fixed volatility during a to Selected period a Fixed vol...

A: Instruments that trade cash flows with variable levels of volatility are a recent addition to the ma...

Q: A project manager hires an agent to work on a project and the agent can work hard or not hard. If th...

A: Given information Probability of work hard with project success=0.95 Probability of not work hard wi...

Q: Draw thes e utility functions a) u Cxry)= Cん)2ズy メ

A: We have given the two utility function   u(x,y)=x1/2y1/2          .... (1) and u(x,y)=x2y1/2       ....

Q: Capital flows and the balance sheet effect. The direct impact of ultra-easy money policy in advanced...

A: The movement of money for the purposes of investment, trade, or business operations is referred to a...

Q: 2. In contrast to strawberries, Canada is a major exporter of wheat. Canada's demand (QPCDN) and sup...

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...

Q: Suppose a firm has a production function as follows: y = 4x 25 x25, The price of x1 and x2 are 2 and...

A: Production function shows the functional relationship between input of factors and output produced. ...

Q: 7. find the amount of firms which exist in the industry for M = 2,4,6,8 Use a cournot model with l...

A: Given,D=6, c=2, F=2 And, M=2,4,6,8For M=2Q(P)=M(D-P)Q=2(6-P)Q=12-PP=12-Q    where Q=Q1+Q2P=12-(Q1+Q2...

Q: An increase in the expected price of commodity would likely to follow the current supply and demand ...

A: Demand shows the quantities of goods that a customer is willing to buy at various prices over a part...

Q: 1. Suppose that currently the government provides everyone with a guaranteed income of $10,000 per y...

A: Guaranteed income by government = $10,000 Benefit level is reduced by $1 for each $1 of work income....

Q: 11. A tariff on imports benefits domestic producers of the imported good because A. They get the tar...

A: Economic externalities are the extra costs or benefits that occur to a third party that is not a par...

Q: A date with Alex costs you $100 and gives you an additional 1000 units of utility. A date with Kelly...

A: Cost of date with Alex = $100 Utility from Alex date = 1000 Cost of date with Kelly = $200 Utility f...

Q: A loan of $300,000 is repayable by an annuity payable half-yearly in arrear for 20 years. The half-y...

A: Given information Loan amount=$300000 Year of payment=20 Years Payable half yearly T=20*2=40 times Y...

Q: In general, different jobs pay different wages. One overarching reason is that different jobs have d...

A: Answer -1  Compensation salary refers to the additional pay given to an employee in exchange for par...

Q: Question 2. Consider a firm that can use commodity one to produce commodity 2 according to the produ...

A: Functions that exhibit constant returns to scale are homogeneous functions. Homogeneous functions ar...

Q: How much would the firm’s revenue change if it lowered price from $12 to $10? Is demand elastic or i...

A: Demand curve shows an inverse relationship between price and quantity demanded. Elasticity measures ...

Q: Your full-service brokerage firm charges $140 per stock trade. How much money do you receive after ...

A: Given:Brokerage =$140Number of shares=200 sharesSelling price=$20.13

Q: Refer to the graph shown. This set of cost curves Is: MC ATC B AVC Output Multiple Cholce O wrong be...

A: Total cost is defined as the total expenses that a company or firm has to incur in order to produce ...

Q: A consumers utility function is given by U(X1, X2)=Xa1X21-a where  A>0, 0<a<1 A consumer also faces ...

A: We have utility function  U(X1,X2)=X1aX21-a           ...... (1) Where p1and p2 are the prices and M...

Q: Industrialization is important to the development of a nation for all the following reasons except: ...

A: Economic development: - Economic development is the process of improving the social and economical c...

Q: Consider an economy with six product-producing sectors and one non-producing sector, described by th...

A: Total Demand = 2W + 3G + 2D + 1T + 1 WO + 2H  Where , W = widgets , G = Gizmoes , D = doohickies ,  ...

Q: If someone computes for the MARR using AW Method and AW becomes positive at a certain fixed interest...

A: Interest Rate is the cost of borrowing or return rate on lending money. It is the percentage of the ...

Q: 3/25/22, 10:55 PM Assignment Print View b. Use the graph above to indicate the world price, the new ...

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Q: Suppose 5% rise in price of eggs causes its quantity demanded to fall by 10%. Then price elasticity ...

A: The principle of price elasticity of demand (PED) is important in the law of economic demand. It's a...

Q: Questions of the day: economics A man decides to deposit Dollar 2730 at the end of each year in a ba...

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Q: You are working for company that operates in a competitive industry, which sells flower bouquets. Th...

A: The quations is an example of perfect competition where marinal cost curve is equal to supply curve....