All categories

3 years ago

In the short run, the equilibrium market price and market output are determined by _______.

Business

1 answer:

OleMash [197]3 years ago

5 0

<span>Short-run market supply and market demand determine the market price and output.

Hope this helps!
</span>

You might be interested in

When a country's economy is producing at a level that exceeds its potential gdp, the standardized employment deficit will show a

Alla [95]

Answer:

<u>smaller deficit</u>.

Explanation:

A smaller deficit than the current deficit is the ideal answer to fill the gap. A deficit occurs when expenditures are greater than revenues, so in an economy with a surplus, revenues will be larger than expenses, so the standardized employment deficit will be smaller than the current one, because an economy with a GDP that exceeds its potential , is an economy that is expanding, production is larger, which consequently increases the employment rate and decreases the deficit.

5 0

3 years ago

The managerial role of a ________ is best described as giving direct command and orders to subordinates

Andrews [41]

The managerial role of a <u>leader </u>is best described as giving direct command and orders to subordinates

<h3>What is the function of management ?</h3>

The pursuit of organizational goals efficiently and actually by including the work of people through planning, organizing, leading, and controlling. This process of management involves monitoring performance, reaching it with goals, and making adjustments if needed.

<h3>What are the distinctions among the three levels of management?</h3>

The three levels of management in most communities are top-level management, mainly responsible for overseeing all functions, middle-level management, responsible for executing plans and procedures, and low-level control, responsible for direct task performance and deliverables.

To learn more about organizational goals, refer

brainly.com/question/17601805

#SPJ4

4 0

2 years ago

Measuring the impact of a quota or tariff on the u.s. economy is an example of ________. stating that a quota or tariff should b

oksano4ka [1.4K]

Measuring the impact of a quota or tariff on the u.s. economy is an example of positive analysis. S<span>tating that a quota or tariff should be eliminated is an example of normative analysis.
</span><span>Positive analysis are analysis that are objectives and fact based. </span><span>
Normative analysis on the other hand are analysis that are opinions. This means that they cannot be proved or disproved.</span>

8 0

3 years ago

By how much does the residual elasticity of demand facing a firm increase as the number of firms increases by one firm?

soldi70 [24.7K]

Answer:

Explanation:

By how much does the residual elasticity of demand facing a firm increase, as the number of firms in the market increases by one?

The residual elasticity of demand facing a firm, is the portion of market demand which is not met or supplied by other firms in the market. In other words, this is the demand curve of the firm, given the presence of other firms in the market.

Given that

- all the firms in this market sell identical products,

- have identical marginal costs,

- and produce the same amount of output;

We model the residual elasticity of demand for this firm as:

EDr = EDm - EDa

Where:

EDr = the residual elasticity of demand for this firm

EDm = market elasticity of demand

EDa = total elasticity of demand facing ALL other firms in the market.

If EDa = 4, and a new firm enters the market, it will become 5

Elasticity of demand is the degree of responsiveness of demand, to change in price of a commodity.

7 0

4 years ago

Bobby Darling is the only employee of Atlantic Records, Inc. During the first week of January, Darling earned $2,600.00 and had

devlian [24]

Answer:

$387.40

Explanation:

FICA Taxes ($2,600 x 7.65%) $198.90

State Unemployment Taxes $162.50

Federal Unemployment Tax $26.00

Employer's payroll tax expense for the week $387.40

Social Security and Medicare are combined called as FICA taxes and employer made the same contribution as of employee.

State and Federal Unemployment Tax is solely for employer only.

The rest are employee related taxes.

7 0

3 years ago

In the short​ run, the equilibrium market price and market output are determined by​ _______.

In the short run, the equilibrium market price and market output are determined by _______.