Profit is equal to revenue minus cost, where revenue equals price times quantity of output, while cost equals the wage rate times employment (assuming wages are the only cost of production). Assume that, on average, each firm produces 100 units of output a day, employs 90 workers, and pays a wage of $100 a day.

a) As the price of output rises from $80 to $90, $100, $110, and $120, show how the profitability of firms changes.
b) At which of these price levels will firms have an incentive to raise or lower output?
c) From these observations, construct an aggregate supply curve.

But on an april morning in 1959, i heard a mother of four, having coffee with four other mothers in a suburban development fifteen miles from new york, say in a tone of quiet desperation, “the problem.” and the others knew, without words, that she was not talking about a problem with her husband, or her children, or her home. suddenly they realized they all shared the same problem, the problem that has no name. which best describes the connotation of the word “desperation”? negative, because the woman is feeling confused negative, because the woman is expressing hopelessness positive, because the woman is expressing herself positive, because the woman and the mothers are in agreement

In ancient egypt, the pharaoh collected from the peasant farmers. a. oil b. gold c. lumber d. taxes

What are the cultural characteristics of mexico?