52. Supply curve is A. O Vertical in long run B. O Flatter in long run C. O Same in long and short run D. O Horizontal in both short and long run
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- Firm w following しk)こじ production functiun 314 /A wil r=3 1) Derive Cost functin if wil $ r-3 if K-3, long-mn the long- the Short run supply chim and lastly run Supply curre.. The supply of lettuce in the short run will be ________ than the supply in the long run and ________ than the supply today. a. less elastic; less elastic b. more elastic; more elastic c. less elastic; more elastic d. more elastic; less elasticA Giffin good is one in which the O a. supply; downward O b. supply; upward O c. demand; downward O d. demand; upward curve is sloping.
- Which is the movement along the curve fromone point to another point.Select one:Oa. Change in supplyO b. None of the GivenOc. Change in demandO d. Change in Quantity DemandedNot yet an Ashley bakes bread that she sells at the local farmer's market. If the price of flour doubles, the Select one: O a. demand curve for Ashley's bread will incerease. O b. supply curve for Ashley's bread will increase. O c. supply curve for Ashley's bread will decrease. O d. demand curve for Ashley's bread will decrease.The cost of producing flat-screen TVs has fallen overthe past decade. Let’s consider some implications ofthis fact.a. Draw a supply-and-demand diagram to show theeffect of falling production costs on the price andquantity of flat-screen TVs sold.
- Suppose an avocado farm has cost C= 0.0049° + 28q + 1250, (where q is measured in bushels) and the rental cost of land is zero so the average cost curve includes only the farm's costs of labor, capital, materials, and energy-not land. This cost structure is representative of all tirms in this industry. The market price of avocados is $40 per bushel The firm's proft maximizing output is bushels of avocados. (Round your response to one decimal place)15.Over time, housing shortages caused by r ent control AREA MAJID A increase, because the demand and su PAREA MAJID pply curves for housing are more inela stic in the long run. MAJID B decrease, because the demand and s MAJID upply curves for housing are more inel astic in the long run. C change very little since price is not all owed to adjust. AD D increase, because the demand and su pply curves for housing are more elas tic in the long run.Figure 4-10 Pace Quantity Refer to the Figure 4-10. What would cause the movement from point B to point A on the graph? Select one: O a. an increase in technology b. an increase in the price of the good O c. a decrease in the price of the good O d. a decrease in input prices
- Clear my choice When producers are willing and able to sell only less quantity of a good at the same price, the result is a in supply. O a. Increase O b. Contraction O c. Decrease O d. ExtensionConsumers expect that the price per kilograms of wheat will rise next week, as a result O a. the price per kilogram of wheat will fall today b. supply of wheat next week will increase O C. demand for wheat will increase today O d. the price per kilograms of wheat will increase today Pa to search lenovo 近The movement from point A to point B on the graph is caused by O a decrease in the price of the good. an increase in the price of the good. O an advance in production technology. O a decrease in input prices. price B P' quaxtity lo