Using scenario dtable d go to graph 3 and add this

This preview shows page 14 - 16 out of 16 pages.

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
29.(2 points) When comparing Scenario A to Scenario D, the firm now produces _____ output.
Table for Individual Question FeedbackPoints Earned:2.0/2.0
30.(2 points) When comparing Scenario A to Scenario D, the firm now earns _______ profit.
Table for Individual Question FeedbackPoints Earned:2.0/2.0
31.Upload the completed graphing template here.Homeowrk 3 graphs.pdfTable for Individual Question FeedbackPoints Earned:0.0/0.0
Continue

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture