Question
In: Economics
When production costs rise, in the short run: Is the answer D or E? When production...
When production costs rise, in the short run: Is the answer D or E?
| When production costs rise, in the short run: | |||||||||||||||||
|
|||||||||||||||||
Solutions
Expert Solution
Answer : The answer is option D.
When production cost increase then producers decrease their production level. As a result, the aggregate supply decrease which shift the aggregate supply curve to leftward. Therefore, option D is correct.
Rahul Sunny answered 2 years agoRelated Solutions
Explain the difference between production in the short run and production in the long run.
Explain the difference between production in the short run and
production in the long run.
Difference between production in the short run and production in the long run: 1. What is...
Difference between production in the short run and production in
the long run:
1. What is the difference between the short-run and long-run? Is
there a fixed time period associated with short-run and long-run?
Explain why or why not.
2. What happens to output in the short-run as production
increases? What inputs are "fixed" and which input is variable in
the short-run? How does this explain diminishing marginal
productivity?
3. What might happen to output in the long-run as the...
1. Short-run production. a. What is the key feature of short-run production? b. One key assumption...
1. Short-run production.
a. What is the key feature of short-run production?
b. One key assumption for the short-run production is
diminishing returns to labor. Explain what it means, how is
Malthus's view regarding population and standard of living relate
to this concept? What has Malthus missed when he made the
prediction?
c. What does diminishing returns related to the concepts Total
Cost , Marginal Cost, Average Variable Cost, Average Fixed Cost,
Total Product , Marginal Product, Average Product, etc?...
3. Short-run costs are generally lower than long-run costs.
True/False Questions.
3. Short-run costs are generally lower than long-run costs.
4. If a firm has zero fixed costs, then the firm’s total cost is equal to its variable costs.
5. Since the marginal cost curve “pulls” the average variable cost curve, the marginal cost curve will lie above the average variable cost curve only when average variable costs are decreasing.
. Distinguish the long-run production from the short-run and explain the various long run production function...
. Distinguish the long-run production from the short-run and
explain the various long run production function with the help of
isoquants.
Please explain the 7 short run production costs and how might a business manager use this...
Please explain the 7 short run production costs and how might a
business manager use this information. Or what it means to a
business manager.
1) Total Fixed Costs
2) Ttotal Variable Costs
3)Total Costs
4)Average Fixed Costs
5) Average Variable Costs
6) Average Total Costs
7)Marginal Costs
What is Production Function? Explain Factors of Production. Differentiate short run and long run production function.
What is Production Function? Explain Factors of Production.
Differentiate short run and long run production function.
What is Production Function? Explain Factors of Production. Differentiate short run and long run production function.
What is Production Function? Explain Factors of Production.
Differentiate short run and long run production function.
2.a. How will a rise in the wage of labor affect a firm's short run marginal...
2.a. How will a rise in the wage of labor affect a firm's short
run marginal cost curve (assume labor is the input that can be
varied in the short run).
b. Would you expect the rise in the wage to have a smaller
effect on short run or long run marginal costs? Why?
c. Suppose a firm's production function is Q =
(KL)0.5. In the short run, this firm's capital stock is
fixed at 100.
i. Calculate the...
A perfectly competitive firm is making losses in the short-run. Will the market price rise or...
A perfectly competitive firm is making losses in the short-run.
Will the market price rise or fall in the long-run? Explain your
answer.
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Note: The answers to the following questions should be typed in the block of comments in...
- Python Describe the procedure for setting up the display of an image in a window.
- what are the fundamental similarity and differences between gap and dgap?
- Maria Gonzales is a 57-year-old operating room nurse who works full-time at a local hospital. She...
- Use the bond term's below to answer the question Maturity 7 years Coupon Rate 4% Face...
- What experience have you had with Organization Development or with Change Management? Describe the organization, the...
- 1. Renfro Rentals has issued bonds that have a 12% coupon rate, payable semiannually. The bonds...
ADVERTISEMENT