Business, 13.05.2021 23:00, rodfam13716
When the support price for milk and dairy products is higher than the market equilibrium price, . a. the producer surplus enjoyed by dairy farmers decreases b. a typical consumer-taxpayer pays an artificially high price for milk and, as a taxpayer, also pays for the surplus milk c. farmers decrease their quantity supplied in response to the higher price d. farmers end up earning a negative rate of return on their investment in the long run e. the prices of specialized resources, such as cows and pasture land, decrease
Answers: 3
Business, 21.06.2019 21:00, yasarhan2
Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level
Answers: 1
Business, 22.06.2019 15:00, swansondonovanp66got
Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.
Answers: 1
Business, 22.06.2019 19:00, lonelynomad00
Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
Answers: 2
When the support price for milk and dairy products is higher than the market equilibrium price, . a...
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