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 59 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
YES! Correct, THANKS for helping me on my review

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Atmospheric pressure decreases with increase in altitude. Atmospheric pressure decreases with increase in altitude.
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library