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Derive graphically AS curve and explain in depth why the short-run AS curve is upward sloped
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- Explain the shape of shortrun curves or derive the average long run curve from shortrun curve.Reason why AR and MR curves are two different curvesi. Explain why AS curve is vertical in the long runii. Some economists believe that AS curve is positively sloped in the short run. Explain 3 theories which justify this view.iii. Explain 4 variables which can shift the AS curve both in the long run and the short run.iv. Is there any variable which shifts AS in the short run , but not in the long run?
- Can you explain to me about this slide? I'm doing my revision. Thank you in advance.Why do we assume that changes to Total Factor Production are persistent? i know that its important and that it affects the outcome. is it because persistent means the changes are not temporary in the market and therefore doesnt try to readjust over time but rather it has long term affects.Please help me answer the following question with graphs: Suppose there is a reduction in income taxes. How will this affect the unemployment rate in the short run and the medium run?
- Which of the following are short-run and which are longrun adjustments? IBM hires 200 more software engineers.2.2. In macroeconomics, the immediate short run is known as a length of time when both input prices and output prices are fixed. In the short-run, input prices are fixed but output prices are variable. In the long run, input prices and output prices can vary. Describe the AS curve in the Immediate Short run. Describe the AS curve in the Short run. Describe the AS in the Long run.Decrease Remain constant None of these andino Increase Production function Technology Productivity: 100 The interactive above shows aggregate production, it will be helpful in answering the following question. For a given amount of labor, if capital stock were to increase, marginal product of labor would.... Returns to scale: 100 Capital stock: 100 Reset sliders
- A short run production function assumes that a. The usage of at least one input is fixed b. The level of output is fixed c. All inputs are fixed d. Both a and b Which of the ff statements is true a. A firm plans in the short run and operates in the long run b. In the long run a firm can change all but one input c. In the long run all inputs are variable d. In the short run all inputs are fixedFor an increase in output, average costs change by more in the short-run than in the long run, but for decrease in output, the opposite is true. True or false explain in detail.What do economists mean by "deminishing returns" to an input? What causes diminishing returns? Where would one observe this principle at a job and the real world?
