Answer:
30z
Explanation:
btajaymo 30z fineeeee okayyy?
For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer who expects a price level of 100 in the coming year. If the actual price level turns out to be 90, soybean prices will <u>fall</u>, and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by<u> reducing </u>the quantity of soybeans supplied. If other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to <u>fall below</u> the natural level of output in the short run.
<u>Explanation:</u>
In the example that has been given above, it talks about the production of the soya bean farmers and their responses to the change the supply of soyabean in the market with the change in the price level of the same in the market given.
With the decrease in the price of the product below the expected level, the supply of the product in the market will be decreased by the suppliers in the market.
<span>Consumers are willing to purchase a product up to the point where the marginal benefit of consuming a product is equal to its price.
</span>The term marginal benefit denotes the<span> benefit to a consumer receives from consuming one more unit of a good or service.
</span><span>On the other hand, marginal cost is the additional cost to a firm of producing one more unit of a good or service.</span>
Answer:
point A was a point below the economy's Production-Possibility Frontier (PPF) or the economy's PPF could have shifted outward and point A was a point on the economy old PPF.
Explanation:
Production possibility frontier is a that describes a graphical or pictorial representation of several production possibilities of a given two commodities that can be produced when both rely on the same limited resources.
Hence, in this case, the above situation illustrates that point A was a point below the economy's Production-Possibility Frontier (PPF) or the economy's PPF could have shifted outward, and point A was a point on the economy old PPF.
