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

Author Question: Which of the following situations is NOT possible? A) SAC and LAC are both increasing for some ... (Read 79 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jul 1, 2018
Which of the following situations is NOT possible?
 
  A) SAC and LAC are both increasing for some output levels.
  B) SAC is increasing but LAC is decreasing for some output levels.
  C) SAC is decreasing but LAC is increasing for some output levels.
  D) SAC and LAC are both decreasing for some output levels.
  E) All of the above are possible.

Question 2

If we plot the quantity of aluminum ore mined per year on the horizontal axis and the real annual price of aluminum ore on the vertical axis, we find that the path of price-quantity combinations generally indicates lower real prices and higher
 
  quantities over time. Which of the following statements is a plausible explanation for this observed outcome? A) Aluminum supply shifted leftward faster than the aluminum demand curve shifted rightward.
  B) Aluminum supply shifted rightward faster than the aluminum demand curve shifted rightward.
  C) Aluminum supply shifted rightward and aluminum demand remained constant.
  D) both A and B above
  E) both B and C above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SVictor

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

E


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jul 1, 2018
Excellent

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Major moons of Uranus in order of increasing distance (left to right), at their proper relative size Major moons of Uranus in order of increasing distance (left to right), at their proper relative size
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
In middle childhood, children spend increasing amounts of time with peers and friends. In middle childhood, children spend increasing amounts of time with peers and friends.
Coding for Special Situations Cont Coding for Special Situations Cont
The melting of glaciers and ice sheets is making an increasing contribution The melting of glaciers and ice sheets is making an increasing contribution
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library