3-5 3. Assuming wages and resource prices are flexible, show how each economy below willself-adjust in the long run.Economy #1PriceLevelPL1LRASSRASAD1PriceLevelPL2Economy #2LRASY1 YFRGDPYF Y24. Assume instead that Economy #2 experiences economic growth. Whathappens to LRAS and output?SRASAD2RGDP5. Does the natural rate of unemployment increase, decrease, or stay the same when theLRAS shifts right?

Positive negative gap occurs when the current output is greater than the potential output, whereas…

3. Assuming wages and resource prices are flexible, show how each economy below will self-adjust in the long run. Economy #1 Price LRAS Level SRAS XV PL2 AD1 Level PL1 Economy #2 Price Y1 LRAS YF RGDP YF Y2 4. Assume instead that Economy #2 experiences economic growth. What happens to LRAS and output? SRAS AD2 RGDP 5. Does the natural rate of unemployment increase, decrease, or stay the same when the LRAS shifts right?

3. Assuming wages and resource prices are flexible, show how each economy below will self-adjust in the long run. Economy #1 Price LRAS Level SRAS XV PL2 AD1 Level PL1 Economy #2 Price Y1 LRAS YF RGDP YF Y2 4. Assume instead that Economy #2 experiences economic growth. What happens to LRAS and output? SRAS AD2 RGDP 5. Does the natural rate of unemployment increase, decrease, or stay the same when the LRAS shifts right?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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part 13 14 15
By 2030, Tesla is the dominant player in the market for self-driving cars, but it faces an entry threat by ACME Corporation. To examine its behavior toward competitors, suppose that Tesla produces q₁ and it incurs a cost of c₁ (91) = 69₁. ACME Corporation produces a self-driving car that is a perfect substitute for the Tesla vehicle, but its production costs are: c₂ (92) = 100+1292. Inverse demand for self-driving cars is given by p(Q) = 120-Q, where Q = 9₁ +92
Note: use of chat gpt or Google bard is strictly prohibited.
14-If a paper mill shuts down its operations for three months so that it produces nothing, its __________________ will be reduced to zero Group of answer choices variable costs fixed costs opportunity costs total cost
Supply and Demand: End of Chapter Problems 9. Adjust each graph to show the indicated change. In each graph, click on the line or its midpoint to see the options. a. An increase in quantity demanded b. A decrease in demand Quantity Question Source: Chiang 4e- Economics Princidles FoHA Changing World Publisher: Worth 11:06 PI 65°F 10/13/20 Price
Problem 12
(8) a.) (4) The United States Postal Service (USPS) charged $0.58 per stamp in 2022. They allow stamps.com to sell a sheet of twenty stamps with personalized photos for $1.20 per stamp. Stamps.com keeps the extra beyond the $0.58 it pays the USPS. If stamps.com is acting as a profit maximizing monopolist, what is their Lerner Index and what is the price elasticity of demand for a customized stamp? b.) (4) Suppose a movie theater determines that the elasticity of demand for movie tickets is -2.0 for senior citizens and –1.5 for adults under age 65, and the marginal cost is $4 per consumer. Use the Lerner index to determine the price senior citizens should be charged and the price adults under age 65 should be charged in order to maximize profits.
7.2 please explain
9-1 a and b
Need explanation how we got 11.5
A 144.
A 201.