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 78 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
Great answer, keep it coming :)

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

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 Separation of Masters and Workers Increasing Separation of Masters and Workers
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
How to know when a function is increasing or decreasing using calculus (Part 1) How to know when a function is increasing or decreasing using calculus (Part 1)
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: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library