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Margarita [4]
3 years ago
6

The total demand for wheat in the U.S. is given by Qd = 1750 - 130 P. Domestic supply is given by, Qs = 1000 + 170 P. Price is m

easured in dollars/ton and quantity is measured in thousands of tons. The equilibrium price and quantity of wheat are:

Business
1 answer:
yaroslaw [1]3 years ago
7 0

Answer:

Equilibrium price is $2.50

Quantity of wheat is 1,425 tons

Explanation:

Please refer to the attached file.

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The neoclassical view holds that long-term expansion of potential GDP due to _______________________ will determine ____________
boyakko [2]

Answer:

1.  economic growth;

2.  the size of the economy

Explanation:

According to the neoclassical standpoint on issues relating to macroeconomics, it is believed that, over a long period of time, the economy will vary around its potential GDP and its natural rate of unemployment.

Therefore, the size of the economy is defined by potential GDP, and wages and prices will adjust in an intelligent manner so that the economy will move back to its potential GDP level of output.

Hence, The neoclassical view holds that long-term expansion of potential GDP due to ECONOMIC GROWTH will determine THE SIZE OF THE ECONOMY

4 0
3 years ago
George is going shopping for a new car to replace his old one. Which of these costs would be
uranmaximum [27]

The cost that would relevant in the choice of a new car is the the cost to operate the new vehicles.

<h3>What cost would be relevant?</h3>

The cost that would be relevant in the choice of a new car is the cost that is dependent on the type of car chosen. The cost to operate the new car would depend on the type of car chosen. If George buys a more fuel efficient car, the cost of running the car would be cheaper.

To learn more about cost, please check: brainly.com/question/27127934

4 0
2 years ago
Businesses can legally employ only those workers who a. Were born in the United States b. Have immigrated to the United States b
MariettaO [177]

Only workers who can demonstrate documentation of eligibility to work in the United States (US) are allowed to work<u> legally </u>in the United States, option (C) is the correct answer.

<h3>Who can be legally employed?</h3>

A country should not employ (and it is unlawful to do so / informal company) someone who is not legally permitted to work in the United States (US), an illegal immigrant is an example).

However, if you have a Visa, <u><em>you can </em></u>work in the United States without being a US citizen.

In either situation, the only stipulation is that the company wants you and that you are willing to accept the <u>compensation</u> they are providing.

For more information about legal employment, refer below

brainly.com/question/19586370?referrer=searchResults

4 0
2 years ago
A strong brand can be an exceptionally powerful resource for competitive advantage by lowering ________, proxying _____ and insp
alexdok [17]

Answer: d). Search costs; quality; trust

Explanation:

A strong brand can be an exceptionally powerful resource for competitive advantage by lowering search cost, proxying quality and inspiring trust. Lower search cost and high quality will provide a competitive advantage to the firm over other brands offering similar product. Inspiring trust of the consumers on the brand will enable them to get a large consumer base. If the customers have faith or trust in our brand then they will not buy other brands even if they sell at a lower price.

Thus, the correct option is d, Search costs; quality; trust

3 0
3 years ago
Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession?
Sphinxa [80]

Answer:

The correct answer is C. standard of living is ultimately determined by long-term growth.

Explanation:

The long-term path for economic growth is a fundamental issue of the study of the economy. The increase in the GDP of a country is usually considered as an increase in the standard of living of its inhabitants. Over long periods of time, even small annual growth rates, can have a significant effect. Thanks to its conjugation with other factors.

An annual growth rate of 2.5% would lead to GDP doubling over a period of 30 years. While an annual growth rate of 8%, it would lead to the same phenomenon in a period of only 10 years. Example: Some countries like Asian tigers. When a population increases to see improvements in living standards, GDP has to grow faster than that population. This analysis seeks to understand why there are very different rates of economic growth in some regions of the world.

8 0
3 years ago
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