how do you derive an AS curve in macro economics

Assume that Brazil and Mexico have floating exchange rates. Other things unchanged, if the price level is stable in Mexico but Brazil experiences rapid inflation:

You have an exclusive contract with Major League Baseball to manufacture Dodgers baseball jerseys and sell them in two markets: Los Angeles and Brooklyn. You produce all the jerseys in a single factory located in Seattle. Your total cost function associated with producing the baseball jerseys is...

Suppose There are three farmers (Farmer A and Farmer B and Farmer C). The current zoning allows the land to be used for any purpose. Farmer A has chosen Pig Farming. A Pig Farm will earn $50,000 profit, every year, forever. a. Assume the interest rate is 8% per year. Using a present value...

why is inflation higher than money growth in high-inflation countries and lower than money growth in low-inflation countries? 2. Explain how a recessionary output gap would emerge in an economy where the long-run aggregate supply curve is persistently shifting to the right.

9. (10 points) The Zinger Company manufactures and sells a line of sewing machines. Demand per period (Q) for a particular model is given by the following relationship: Q = 200 .5P where P is price. Total costs (including a "normal" return to the owners) of...

10. (10 points) Consolidated Salt Company sells table salt to both retail grocery chains and commercial users (e.g., bakeries, snack food makers, etc.). The demand function for each of these markets is: Retail grocery chains: P1 = 180 8Q1 Commercial users: P2 = 100 4Q2 where P1...

2-3 paragraphs are fine ma'am.

Suppose a special tax was introduced that used the value of one s automobile as the tax base. Each person would pay taxes equal to 10 percent of the value of his or her car. Would the tax be proportional, regressive, or progressive? What assumptions do you make in answering this question? What...

In the short run a firm should shut down if it cannot