Business, 03.03.2021 14:00 jeanette7482
The graph below shows the market for a good where suppliers choose the quantity supplied according to the price of the previous period, but consumers choose the quantity bought according to the price of the current period. First, assume that demand is represented by D1 and that the price-quantity adjustment process starts from point a. Sketch the adjustment process and identify whether the market will converge to the long-run equilibrium P*Q*. Second, assume that demand is represented by D2 and that the price-quantity adjustment process starts from point a’. Sketch the adjustment process and identify whether the market will converge to the long-run equilibrium P’Q’. What factor accounts for the different outcomes under D1 and D2 (In solving this, it may be easier to work with two separate graphs)
Answers: 1
Business, 22.06.2019 04:10
An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?
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Business, 22.06.2019 19:50
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Business, 22.06.2019 20:00
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The graph below shows the market for a good where suppliers choose the quantity supplied according t...
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