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

Q: Which one of the answers is NOT a pitfall of following an overall cost leadership strategy? TI

A: In the business procedure, cost leadership is laying out an upper hand by having the least cost of…

Q: Year PDB 2015 2016 2017 1200 1230 1290 1300 2018 2019 1500

A: Given data for 5 years Growth rate each year formula = (PDB in year 2016 / 2015) - 1 * 100 =…

Q: Salyjust heard that her neig bor Rupert was invoved in an automobile scident If Sally assumes that…

A:

Q: Consider a firm that suffers diseconomies of scale. If this firm wants to produce half as…

A: "Diseconomies of scale occurs when each item produced cost more and more as a firm continue to grow…

Q: Jack's preferences are represented by the utility function U = (X^0.4)*(Y^0.6). PX = 2, PY = 3 and h…

A: Utility is maximised at a point where marginal rate of substitution is equal to the price ratio of…

Q: Suppose you estimated a simple linear regression model involving log hourly wage rate and experience…

A: Note: when we have the mean or expected value then we don't have the error terms.

Q: Suppose that fixed costs for a firm in the monopolistically competitive automobile industry ard $50…

A: The fixed cost is $50. The variable cost is $50. The marginal cost is $50. P=50+20n Where n…

Q: I. Suppose the Fed creates a new electronic dollar. This new system allows everyone to make and…

A: In the IS-LM model, IS curve shows equilibrium in the goods market and the LM curve shows…

Q: At a company, 20 employees are making contributions for a retirement gift. Each of the 20 employees…

A: Number of employees = 20  Payoff of any employee (i ) = bi (1 +d )xi - xi  For i : [1 to 10 ] d = 2…

Q: In 2016, the largest portion of federal employees were in which of the following sectors? Multiple…

A: The federal government jobs accounted for a significant portion of the employment sector in the US.

Q: I need help with answering these four questions - why is  a large GDP is a good thing for the…

A: Answer: GDP: GDP refers to the value of goods and services produced within the domestic territory of…

Q: An industrial plant bought a generator set for P120, 000. Other expenses including installation…

A: The total cost of the generator = P120000 + P10000 = P130 000 Salvage value = 8000 Life = 15 years…

Q: According to the factor price equalization theorem a. Trade will result in a convergence of factor…

A: In the international market, there are various techniques and tools to examine the nature of the…

Q: * Mind Tap - Cengage Learning EIN EIN G Google Account…

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

Q: 11. You want to start saving for your 10 year old son's college education. If you are guaranteed 13%…

A: Rate of interest = 13%  Future amount after 18 years from now F= P120,000 n=18 (Since the son is 10…

Q: Which of the following is international trade? a. Trade between regions b. Both (b) and (c) c.…

A: International trade is very beneficial for the economy of a country because it influences the GDP of…

Q: 3. The government is considering raising the tax rate on labor income. Explain the supply-side…

A: a. The labor supply will dwindle. The supply of labor curve shifts leftward from LS0 to LS1 as seen…

Q: Use a graph to demonstrate the circumstances that would prevail in a perfectly competitive market…

A:

Q: Prime Interest Rate Rises Business Investment Falls M1 Rises at Faster Rate M1 Rises More Slowly GDP…

A: Sell Government Bonds then When the government sells bonds, then it is the contraction policy where…

Q: Analyze below Cash Flow and compute for the unknown value.

A: From the given cash flow diagram we are required to find the Present value, Annual value and the…

Q: A doctor could landscape her yard, but it makes more economic sense for her to hire a landscape…

A: Answer: Introduction: In economics, the one who has specialization in doing something should do…

Q: A firm with decreasing returns to scale can expect to produce [a. more than, b. less than,…

A: There are three types of returns to scale i.e. Increasing returns to scale, decreasing returns to…

Q: The table shows three alternative distributions of land ownership in a village with 100 people and…

A: The Gini coefficient used to represent the inequality with the help of the Lorenz curve.

Q: In the Real Business Cycle model, what is the effective investment and the equilibrium investment?

A: Effective investment refers to the net addition to the capital stock of economy which is measured by…

Q: Which of the following is true of effective employee evaluation and feedback? O It should be…

A: When we are considering the evaluation of employees then it is very necessary to evaluate the…

Q: Providing a subsidy is one way a society can correct for a positive externality. True False

A: Externality refers to spill-over effect of a good on third party which is not involved in either…

Q: A guy deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year,…

A: We have given that  rate of interest i=0.07 or 7% We have to find the value of A

Q: Make the following calculations according to the table below. Good A Good B Good C Good D Quantitiy…

A: The GDP price deflator measures the changes in prices for all of the goods and services produced in…

Q: A monopolist restricts output and charges a higher price relative to what would occur if a market…

A: In monopolistic market, there is a single seller in the market and in perfectly competitive market,…

Q: Latin American and Caribbean citizens who migrate to the United States earn salaries there that are…

A: Meaning of Production Function: The term production function refers to the situation under which a…

Q: If discouraged workers are included in the determination of the unemployment rate, what effect will…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: QUESTION 2 Other things the same, when the price level rises, interest rates O a. fall, which means…

A: When the price level rises, the consumer purchasing power falls and consumer can buy less with same…

Q: Output (Y) : 4,000 Government Spending (G): 600 Desired Consumption (C"): 3,400 Real interest rate:…

A:

Q: also'have substantial overlap. ot, you calculate that the annual value created by one distributor is…

A: All part of answers given below,

Q: Suppose the government has determined that the socially optimal quantity of chemical pollution is…

A: The curve that depicts various quantities of goods and services being demanded by customers at…

Q: Consider a coupon bond that has a par value of $800 and a coupon rate of 5%. The bond is currently…

A: We have Face value of coupon bond =$800 coupon rate =5% Bond price P=792.61 Years to maturity =2…

Q: A coal-fired power plant has upgraded an emission control valve. The modification costs only $5,000…

A: Given that; Modification costs = $5000 Time period = 7 years Maintenance cost = $2000 for first year…

Q: 28. Which of the following is a determinant of the height of the aggregate supply curve? Select one:…

A: Aggregate supply shows relationship between price and quantity supplied.

Q: urope, Southern Europe and the United Kingdom. Each region had three technologies to abate. The…

A:

Q: A bank is negotiating a loan. The loan can either be paid off as a lump sum of $100,000 at the end…

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

Q: Help m

A: Given Nominal Income for 3 years Index number of CPI Real income for each year = Nominal income *…

Q: COMMUNICATION WITH THE MILLENIALS The Millennial (including Generation Y) have arrived in the…

A: According to the provisions of the Companies Act of 2013, a company is a firm that is founded and…

Q: Is the following statement true or false? Explain.   A more elastic demand curve yields a greater…

A: The measure that depicts the percentage change in quantity demanded of a product with respect to the…

Q: The Chairman of the Federal Reserve has been given the title as “The 2nd most powerful person in the…

A: Yes, I am  totally agree with this statement às it is à vèry powerful position   The Federàl Reserve…

Q: 31) Which of the following statements is true? A) The average product of labor is at its maximum…

A: The average product of labor is used to measure labor productivity and The additional production…

Q: Within the classical form of the quantity theory, the demand for money is given by Md = kPY. Suppose…

A: Given: The demand for money is given by Md = kPY Income is given at = 400 units The money supply (M)…

Q: Would the owner of a profit-maximizing clothing store hire another worker for $85 per day if the…

A: Answer Is given below...

Q: Does this production function q = 9K0.8L0.1 exhibits [increasing return to scale, constant return…

A: Given: q = 9K0.8L0.1

Q: In the USA, what percentage of total employment in SMEs have fewer than 20 employees? A. under 20%…

A: In the USA, the major part of the SMEs are having fewer then 20 employees. This accounts for around…

Q: A contract has been signed to lease a building at P50, 000 per year with an annual increase of P1,…

A: Lease payment is what could be compared to the month to month lease, that is officially directed…