Business, 19.05.2020 01:58, rconyers00

You find a way to lower your production costs. Now your marginal cost of making a cookie is only 25 cents. At the
market price of 50 cents, you supply cookies and a profit
will, will eam
will not will not eam
will, will not earn

Answers: 3

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Business, 22.06.2019 21:40, supasavb99

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Business, 23.06.2019 01:40, kaiya789

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. 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 , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by 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 the natural level of output in the short run.

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You find a way to lower your production costs. Now your marginal cost of making a cookie is only 25...