Correct answers 26 3 points using scenario dtable d

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26.(3 points) Using Scenario D/Table D, go to Graph 5 and draw this firm’s new MRP curve (remember that MRP = P* MPL, and since MPL has changed, we know we have a new MRP curve!). Shade in the new area of profit.Also label the new profit maximizing point as letter D.Table for Individual Question FeedbackPoints Earned:3.0/3.0
Correct Answer(s):27.(3 points) Using Scenario D/Table D, go to Graph 3 and add this firm’s new supply curve (a positive productivity shock increases supply!). Label the price and output combination after the change in economic conditions in Scenario D (P= $20, and the profit maximizing Q you found in your answer for #22 above). You only have one point on this supply curve, but you can sketch it as an upward sloping supply curve that is parallel to the supply curves you drew earlier.Table for Individual Question FeedbackPoints Earned:3.0/3.0Correct Answer(s):
28.(2 points) When comparing Scenario A to Scenario D, the firm now hires _______ workers.
Table for Individual Question FeedbackPoints Earned:2.0/2.0

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