Moore's law states that every 18 months, the computing speed of a microchip doubles. a. What effect does this likely have on the economy?

1. The price level falls and output rises.
2. The price level falls and output falls.
3. The price level rises and output rises.
4. The price level rises and output falls.

b. Demonstrate your answer graphically using the AS/AD model. Use the tool provided 'SAS/' to draw the new short-run aggregate supply curve.

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows: