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Author Question: Refer to Figure 12-14. Consider a typical firm in a perfectly competitive industry which is ... (Read 128 times)

strangeaffliction

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on: Jun 29, 2018
Refer to Figure 12-14. Consider a typical firm in a perfectly competitive industry which is incurring short-run losses. Which of the diagrams in the figure shows the effect on the industry as it transitions to a long-run equilibrium?
 
  A) Panel A B) Panel B C) Panel C D) Panel D

Question 2

If labor productivity growth slows down in a country, this will
 
  A) slow down the increase in real GDP per capita. B) accelerate the increase in nominal GDP.
  C) slow down the increase in nominal GDP. D) accelerate the increase in real GDP per capita.


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johnpizzaz

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


strangeaffliction

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bulacsom

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Reply 3 on: Yesterday
:D TYSM

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