Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for pears. (Note: Place the points of the line either on N and W or on N and F.)
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- The following graph shows the long-run supply curve for pears. Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for pears. (Note: Place the points of the line either on I and F or on I and C.) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Explain why a long-run supply curve might slope upward.Distinguish between short-run and long-run supply curves.
- Then, plot points along the portion of the firm's short-run supply curve that corresponds to prices where there is positive output.Which point or points on the figure at right illustrate a short-run equilibrium? A. Point A B. Point B C. Point C D. Points A and CRefer to Figure 10.1 for the following questions. Figure 10.1 In Figure 10.1, which of the points are possible long-run equilibriums? Select one: a. A and B b. A and C c. A and D d. B and D
- Determine whether each of the statement is true, false, or uncertain. If the statement is false or uncertain, please correct the statement to make it true. If the statement is true, please explain your answer briefly. Give a brief definition of any underlined term. Economies of scale causes the long-run market supply curve to rise as price increases.Discuss why the long-run ATC curve is generally U-shapedWhat is the LAW OF DIMINISHING RETURNS, and why is this law considered a short-run phenomenon?
- In 2016, Netflix increased prices for their U.S. subscribers from $7.99 to $9.99 per month.1Following the price increase, the rate of subscription growth decreased significantly, from 1.56 (in the fourth quarter of 2015, before implementing the price increase) to 0.40 (in the third quarter of 2016, after implementing the price increase). In addition, the stock price of the company fell by about 16% (price dropped in July 2016, after releasing the second quarter earnings, to $85.84 per share, from $102.23 on March 31, 2016). How much is the price elasticity of demand for Netflix subscription in this case, using the midpoint method when calculating the percentage change.What are the similarities and differences between a short-run supply curve and a short-run market supply curve?consider the market for corn in August 2020, a period where grain prices were quite low and the market for corn was in a short-run equilibrium. Draw a graph that shows supply and demand analysis for corn in August 2020 (put P on the vertical axis and Q on the horizontal axis). This graph will serve as a starting point for your analysis in Questions 2 and 3.In drawing this graph, please assume that the demand curve is downward sloping and supply curve is upward sloping Clearly show the market equilibrium in August 2020. Label the supply curve as S0; demand curve as D0; the equilibrium price as P0; and equilibrium quantity as Q0.