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- The following graph shows the short-run supply curve for peca Place the orange line (square symbol) on the following graph to show the most likely long-run supply curve for pecans. (Note: Place the points of the line either on N and G or on N and Z.) PRICE (Dollars per pound) 24 20 16 12 N D G Short-Run Supply 10 QUANTITY (Thousands of pounds of pecans) Long-Run Supply ?The following graph shows the long-run supply curve for persimmons. Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for persimmons. (Note: Place the points of the line either on W and R or on W and M.) PRICE (Dollars per pound) 24 20 16 6 2 co 4 0 0 W 4 M R Long-Run Supply 2 6 8 10 QUANTITY (Thousands of pounds of persimmons) 12 Short-Run Supply ?What is the short run Supply Curve for a competitive firm?
- Homework (Ch 05) The following graph shows the long-run supply curve for persimmons. Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for persimmons. (Note: Place the points of the line either on K and T or on K and C.) 24 Short-Run Supply 20 16 K O → PRICE (Dollars per pound) 8 4 0 0 Long-Run Supply 2 6 8 10 QUANTITY (Thousands of pounds of persimmons) 12Use the graph to answer the following question: Is the running shoes market in long run equilibrium? Explain.What is output per firm at the long-run equilibrium price? What is the long-run equilibrium profit?
- Comment on another student's post by suggesting a demand or supply shifter different from the one(s) they suggested that would have the same impact on demand or supply. For example, if a student wrote their post about how demand for the good they are writing about would rise due to a change in one demand shifter, you would respond by explaining how the demand for that good would rise due to a change in a different demand shifter. "A carpet cleaning service has just opened and is increasingly becoming popular, many people have experienced their carpets becoming dirty as the spring season rolls in with heavy rain. Since there has been heavy rain the people in this town have been tracking mud all over their carpets ruining the color and staining it, many people have turn to this carpet cleaner to help remove stains and excess mud out of the carpet. This would cause the demand of the service to shift to the right, increasing the price and moving the equilibrium to the right. The price…The following graph shows the short-run supply curve for apricots. Place the orange line (square symbol) on the following graph to show the most likely long-run supply curve for apricots. (Note: Place the points of the line either on H and K or on H and N.) PRICE (Dollars per pound) 12 10 0 D Short-Run Supply 2 10 QUANTITY (Thousands of pounds of apricots) 12 Long-Run Supply ?The following graph shows the long-run supply curve for apricots. Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for apricots. (Note: Place the points of the line either on F and W or on F and N.) 12 10 W Short-Run Supply 8 F Long-Run Supply 2 4 8 10 12 QUANTITY (Thousands of pounds of apricots) PRICE (Dollars per pound)
- What are the short-run and long-run costs of the production of Walmart?On the following graph, use the orange points (square symbol) to plot points along the portion of the firm's short-run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need.) PRICE (Dollars per lamp) 100 90 80 70 60 50 40 30 20 10 a 0 5 10 15 20 25 30 35 QUANTITY (Thousands of lamps) 40 45 50 Firm's Short-Run SupplyPlace the orange line (square symbol) on the graph to show the most likely long-run supply curve for pears. (Note: Place the points of the line ei an W and R or on W and M.) PRICE (Dollars per pound) 48 40 2 Z L 0 W 04 6 4 Short-Run Supply 2 8 10 QUANTITY (Thousands of pounds of pears) 12 0 Long-Run Supply