firm faces a lower wage rate in the short run, what will happen?
firm faces a lower wage rate in the short run, what will happen?
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If a perfectly competitive firm faces a lower wage rate in the short run, what will...
If a perfectly competitive firm faces a lower wage rate in the short run, what will happen? The firm’s short run maximum loss will fall The firm’s supply curve will shift up The firm’s shut down price will fall All of the answers are correct
1. Consider a firm in the long run. Initially the firm faces a wage of $8...
1. Consider a firm in the long run. Initially the firm faces a wage of $8 to hire labor and rent of $10 to rent capital. Suppose the wage then increase to $10. a. Describe what will happen to the isocost and isoquant curves due to the wage increase. The total effect of the wage change can be separated into two effects. b. In which direction will the substitution effect change the firm’s employment and capital stock? c. In which...
1) If the economy exhibits a recessionary gap in the short run, the real wage rate...
1) If the economy exhibits a recessionary gap in the short run, the real wage rate will __________________ (fall, rise), and short-run aggregate supply curve will shift __________________ (leftward, rightward). 2) If the economy exhibits an expansionary gap in the short run, the real wage rate will __________________ (fall, rise), and short-run aggregate supply curve will shift __________________ (leftward, rightward).
Suppose that in the short run, the wage rate is $10 per worker and capital costs...
Suppose that in the short run, the wage rate is $10 per worker and capital costs are fixed at $100. If the firm employs 5 workers, it will be able to produce 20 units of output. What is the average total cost of producing 20 units of output? $7.50 $4 $2.50 $0.40 None of the above
14. According to the sticky-wage hypothesis, when firms and workers lower their expectation on the price...
14. According to the sticky-wage hypothesis, when firms and workers lower their expectation on the price level, A. nominal wage rate lowers, shifting the short-run aggregate supply curve to the left. B. nominal wage rate rises, shifting the short-run aggregate supply curve to the right. C. nominal wage rate lowers, shifting the short-run aggregate supply curve to the right. D. nominal wage rate rises, shifting the short-run aggregate supply curve to the left.
In short-run equilibrium, Firm A sells 85 units of output at $160 per unit and faces...
In short-run equilibrium, Firm A sells 85 units of output at $160 per unit and faces an average total cost of $120. Profits earned by Firm A at equilibrium are $1. Firm A MC Using the rectangle drawing tool, draw the region which depicts the total profits for Firm A. ATC Carefully follow the instructions above and only draw the required object. MR Price ($) Click the graph, choose a tool in the palette and follow the instructions to create...
A country with a floating exchange rate faces a short-run recession and current account deficit. Policymakers...
A country with a floating exchange rate faces a short-run recession and current account deficit. Policymakers want to use temporary expansionary monetary policy to increase both output and the current account balance. Will they be successful? Only with increasing output Only with increasing the current account balance No, not with either goal Yes, with both goals In the short run, if taxes rise, output will_and the exchange rate will increase; appreciate increase; depreciate decrease; appreciate decrease; depreciate With a fixed...
A) What is the short-run equilibrium price? B) How much output each firm produce in the...
A) What is the short-run equilibrium price?
B) How much output each firm produce in the short-run?
C) In the short-run, how much profit does each firm earn?
D) In the long-run, what do you expect to happen?
E) What is the long-run equilibrium price?
F) What is the long-run profit per firm?
G) In the long-run, how many firms will be in the industry?
Suppose that marginal cost and average total cost for the typical firm in the industry...
Suppose a monopolistic competitor faces the following costs and demand in the short run: Part 1 (1...
Suppose a monopolistic competitor faces the following costs and demand in the short run: Part 1 (1 point) What is the amount of profit this monopolistic competitor will make in the short run? Part 2 (4 points) Since this is a monopolistic competitor, the number of firms competing in the long run will(a) , leading the profits for this firm to (b) If this were a monopoly instead, we would expect the number of firms to (c) and profits to (d)
Assume the economy is in short run equilibrium. In the graph below depict what will happen...
Assume the economy is in short run equilibrium. In the graph
below depict what will happen in the market for money should the
governemnt decrease the tax on corporate income.
Assume the economy is in short run equilibrium. In the graph below depict what will happen in the market for money should the government decrease the tax on corporate income. Don't forget to label your curves and axis.
14. According to the sticky-wage hypothesis, when firms and workers lower their expectation on the price level, A. nominal wage rate lowers, shifting the short-run aggregate supply curve to the left. B. nominal wage rate rises, shifting the short-run aggregate supply curve to the right. C. nominal wage rate lowers, shifting the short-run aggregate supply curve to the right. D. nominal wage rate rises, shifting the short-run aggregate supply curve to the left.
In short-run equilibrium, Firm A sells 85 units of output at $160 per unit and faces an average total cost of $120. Profits earned by Firm A at equilibrium are $1. Firm A MC Using the rectangle drawing tool, draw the region which depicts the total profits for Firm A. ATC Carefully follow the instructions above and only draw the required object. MR Price ($) Click the graph, choose a tool in the palette and follow the instructions to create...
A country with a floating exchange rate faces a short-run recession and current account deficit. Policymakers want to use temporary expansionary monetary policy to increase both output and the current account balance. Will they be successful? Only with increasing output Only with increasing the current account balance No, not with either goal Yes, with both goals In the short run, if taxes rise, output will_and the exchange rate will increase; appreciate increase; depreciate decrease; appreciate decrease; depreciate With a fixed...
A) What is the short-run equilibrium price?
B) How much output each firm produce in the short-run?
C) In the short-run, how much profit does each firm earn?
D) In the long-run, what do you expect to happen?
E) What is the long-run equilibrium price?
F) What is the long-run profit per firm?
G) In the long-run, how many firms will be in the industry?
Suppose that marginal cost and average total cost for the typical firm in the industry...
Suppose a monopolistic competitor faces the following costs and demand in the short run: Part 1 (1 point) What is the amount of profit this monopolistic competitor will make in the short run? Part 2 (4 points) Since this is a monopolistic competitor, the number of firms competing in the long run will(a) , leading the profits for this firm to (b) If this were a monopoly instead, we would expect the number of firms to (c) and profits to (d)
Assume the economy is in short run equilibrium. In the graph
below depict what will happen in the market for money should the
governemnt decrease the tax on corporate income.
Assume the economy is in short run equilibrium. In the graph below depict what will happen in the market for money should the government decrease the tax on corporate income. Don't forget to label your curves and axis.
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