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Nadya [2.5K]
3 years ago
5

The short-run is- a time period in which the prices of output cannot change but in whihc the prices of inputs have time to adjus

t- a time period in which output prices can change in response to supply and demand but in which all input prices have not yet been able to completely adjust- a time period in which neither the prices of output nor the prices of inputs are able to change- any time period ofless thatn a year
Business
1 answer:
frutty [35]3 years ago
5 0

Answer:

a time period in which output prices can change in response to supply and demand but in which all input prices have not yet been able to completely adjust

Explanation:

  • Short run are the period in that at least one factor in production is fixed, in which the product can be increased by increasing the owners and increasing the number of variable factors such as purchasing more raw materials. Therefore, output may change with the increase in supply and demand.
  • so the correct option is  a time period in which output prices can change in response to supply and demand but in which all input prices have not yet been able to completely adjust
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3 years ago
g Consider the income-expenditure model. Suppose that the marginal propensity to consume is equal to 0.8. A reduction in taxes o
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Answer:

increase by 400 billion dollars

Explanation:

marginal propensity to consume = mpc

tax multiplier = -mpc/1-mpc

from our question we were given mpc to be 0.8

-0.8/1-0.8

= -0.8/0.2

= -4

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= 400 billion dollars

for a $100 tax decrease, output will increase by $100 billion x 4

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3 years ago
What are the consequences of traditional law of production
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What are the sequence of traditional law of production
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3 years ago
Schmid Corporation issues​ $450,000, 12%, 5minusyear bonds on January​ 1, 2019 for​ $439,000. Interest is paid semiannually on J
Mamont248 [21]

Answer:

$28,100

Explanation:

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In semi annual period, the interest rate is half and the time period is doubles and the same is shown

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3 years ago
a large, family-owned dairy farm operating in the western part of virgina is preparing its annual tax return, and the cfo's obje
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To learn more about depreciation expense, click here:

brainly.com/question/15024945?referrer=searchResults

#SPJ4



7 0
1 year ago
Read 2 more answers
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