This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm's marginal cost is the increase in its total cost divided by the increase in its A) ... (Read 82 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
A firm's marginal cost is the increase in its total cost divided by the increase in its
 
  A) quantity of labor.
  B) average cost.
  C) output.
  D) average revenue.

Question 2

Give examples of factors that decrease short-run aggregate supply. Which way does the SAS curve shift?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jgranad15

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Aggregate supply decreases if potential GDP decreases. In addition, cost hikes such as a rise in the money wage rate or the price of oil, decreases short-run aggregate supply. Whenever short-run aggregate supply decreases, the SAS curve shifts leftward.


burton19126

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
:D TYSM

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
The trilobite body is divided into three major sections The trilobite body is divided into three major sections
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Gossip and ridicule increase the status insecurity of this time of life. Gossip and ridicule increase the status insecurity of this time of life.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library