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

Author Question: Which of the following explains the effect of prices on profits in the short-run? a. The direct ... (Read 19 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
Which of the following explains the effect of prices on profits in the short-run?
 a. The direct relationship between aggregate quantity demanded and national output.
  b. The direct relationship between aggregate quantity supplied and the price level.
  c. The inverse relationship between aggregate quantity demanded and national output.
  d. The inverse relationship between aggregate quantity supplied and profits.
  e. The inverse relationship between aggregate quantity supplied and national output.

Question 2

Economists use the term ceteris paribus to indicate that:
 a. the analysis is true for the individual but not for the economy as a whole.
 b. supply and demand are in balance.
 c. their conclusions are based on normative rather than positive economic analysis.
  d. other things are assumed to remain constant.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Drugs and their effect table Drugs and their effect table
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ... A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
The effect of a few days of early monocular deprivation on the structure of axons projecting from ... The effect of a few days of early monocular deprivation on the structure of axons projecting from ...
Effect of extreme homoallostery Effect of extreme homoallostery
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library