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

Author Question: In the short run, firms expand their production when the price level rises because A) the money ... (Read 50 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
In the short run, firms expand their production when the price level rises because
 
  A) the money wage rate remains constant so the higher prices for their products makes it profitable for firms to expand production.
  B) each firm must keep its production up to the level of its rivals, and some firms will expand production as the price level increases.
  C) the higher prices allow the firm to hire more workers by offering higher wages, thereby increasing productivity and profits.
  D) firms can increase their profits by increasing their maintenance.

Question 2

Liquidity is the same as
 
  A) easy conversion of money to an asset, allowing for loss of value.
  B) diversification of an investor's store of value.
  C) easy conversion of an asset to a means of payment, allowing for loss of value.
  D) easy conversion of an asset to a means of payment, with little or no loss of value.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


tingc95

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
:D TYSM

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Higher-Level Thinking Skills Used in Massage Therapy Higher-Level Thinking Skills Used in Massage Therapy
Hubbard’s Predication of Peak in U.S Oil Production with Actual Data Hubbard’s Predication of Peak in U.S Oil Production with Actual Data
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
As the world’s population continues to grow, demands on limited resources for food production As the world’s population continues to grow, demands on limited resources for food production
World Mean Sea-Level Temperatures in January World Mean Sea-Level Temperatures in January
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
Video: Audiology

For a complete list of videos, visit our video library