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Author Question: The aggregate supply curve cannot be the sum of the supply curves of all the individual firms in the ... (Read 71 times)

cherise1989

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on: May 25, 2020
The aggregate supply curve cannot be the sum of the supply curves of all the individual firms in the economy because
◦ the outputs of some firms are the inputs of other firms.
◦ some firms actually set prices instead of just responding to processes determined in the market.
◦ it is unrealistic to believe that costs are constant for individual firms if the overall price level is increasing.
◦ all of the above.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by cherise1989 on May 25, 2020

tuwy

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cherise1989

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Reply 2 on: May 25, 2020
Excellent

DylanD1323

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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