Why is the short run aggregate supply curve upward sloping

Asked by admin @ 26/11/2021 in Business viewed by 279 People

Which of the following are reasons that the short-run aggregate supply curve slopes upward? Check all that apply. As the price level rises, firms find it more profitable to hire workers at any given wage. As the price level rises, firms pay higher wages for workers. As the price level rises, firms expand their production because they can sell their output for more money.

Answered by admin @ 26/11/2021

Answer:

As the price level rises, firms expand their production because they can sell their output for more money.

Explanation:

As the price level rises, supply increases as firms expand production to increase profits. And as price level falls, supply falls as firm reduce production. For this reason the short-run aggregate supply curve slopes upward.

Please find attached a graph showing the short-run aggregate supply curve

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2741 persons

Why is the short run aggregate supply curve upward sloping

Similar Questions

When supply curve is upward sloping its slope is

The short run individual supply curve of a firm is

Which product's supply could be elastic in the short run

A firm will shut down in the short run if

When is the supply of oil expected to run out

Does slope equal rise over run

Slope over run

Costs in the short run versus in the long run

Find the slope m of the tangent to the curve

Aggregate supply is best described as the

What is the slope of demand curve for giffen goods

The downward sloping demand curve for a monopolistically competitive firm

Why demand curve slopes downward from left to right

The value of the price elasticity of demand is not equal to the slope of the demand curve.

Overcoming fixed mindset: a step-by-step guide to cultivating a growth mindset

Most viewed questions in Business

Foolproof module 9 test answers

Interest rates are expressed as a percentage of

How to enhance knowledge regarding environmental factors through capsim?

Match the job titles with the career clusters.

A company that allows you to license software

Lupe is ready to open a checking account

Mays and mccovey are beer brewing companies

What must be marked on ready to eat bags phfs

Coq six sigma

Henry ford was the first entrepreneur to implement which strategy

Your company was recently served with a lawsuit

Case study starting a business project schedules and curves edgenuity

Which two of the four cs of credit have to do with earning potential and available cash?

The total annual expenditures on advertising in the united states