Author Question: If firms and workers could predict the future price level exactly, the short-run aggregate supply ... (Read 81 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
If firms and workers could predict the future price level exactly, the short-run aggregate supply curve would be
 
  A) downward sloping. B) horizontal.
  C) upward sloping. D) vertical.

Question 2

Book publishers often use a cost-plus pricing strategy. One reason for this is
 
  A) bookstores, not publishers, ultimately determine how many books will be produced.
  B) much of the cost of publishing textbooks is difficult to assign to any particular book.
  C) publishers do not want to incur the expense of determining the profit-maximizing strategy. They prefer cost-plus pricing because of its lower cost.
  D) most publishers do not hire economists who can determine the number of books they must sell to equate marginal cost and marginal revenue.


srodz

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

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 top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

For a complete list of videos, visit our video library