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lyudmila [28]
3 years ago
14

If the price level and the money wage rate rise by the same​ percentage, the quantity of real gdp supplied​ ______ and there is

a movement up along the​ ______ aggregate supply curve.
Business
1 answer:
Juliette [100K]3 years ago
4 0

<span>There is no change in the quantity of real GDP supplied and a movement occurs up along the</span> economy's supply schedule in the long‐run that is the Long-run Aggregate Supply (LAS) curve if the price level and the money wage rise by the same percentage.

 





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3 years ago
Afirm has production function q=10"(L^0.5)*(K^0.5), where "L"0.5" means "L raised to the 0.5 power," and the same applies to the
Amanda [17]

Answer:

(A) 15 × p

(B) 225\times p{^2}

(C)  P\times 5\times k^{0.5}

Explanation:

(B) direct= demand function of labor will be,

Q: f(w),

where Q is labor demand quantity and is function of wage

K=9 constant, then production function changes to,

=30L^{0.5}

Marginal product of labor:

= 15L^{-0.5}

Marginal revenue product or value of marginal product:

=15p\times L^{- 0.5}

This is showing what revenue a firm will generate due to hiring one additional unit of labor.

So firm will keep hiring until the revenue the additional labor is generating is equal to its hiring cost or wage.

So, putting MRP or VMP to wage:

P\times15\times L^{-0.5}=W

By solving,

\frac{(225\times p^{2})}{W^{2}}=L

And the multiplicative term is 225\times p{^2}

(A) Inverse demand function of labor will be,

W: f(Q)  

where W is wage rate and demand function of labor demanded quantity.

As previously solved,

P\times15 \times L^{0.5}=W

and the multiplicative constant term is 15 × p.

(c) In long run capital will also variate, so production function will be,

=10L^{0.5}\times k{^0.5}

MP=\frac{(5\times k^{0.5})}{L^{0.5}}

VMP=\frac{P(5\times k^{0.5})}{L^{0.5}}

( p is market price of good that firm is producing using labor)

putting it equal to Wage)

W=\frac{(5\times k^{0.5})}{L^{0.5}}

and the constant term is  P\times 5\times k^{0.5}.

Note:

I did a) second place and b) on first . I already put the serial alphabet on the start of the answer.

8 0
3 years ago
Celebrities and famous individuals often make __________, or positive statements, about a product based on their personal experi
Alenkasestr [34]

Answer:

It might be endorsement.  

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A store has a $179.99 item on sale for 25% off, plus an additional 20% off. What is the percentage of savings off on this item?
Irina-Kira [14]

Answer:

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Explanation:

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