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Answered: - Due, April, 3, 11:30 p.m. Explain in one page (350 words,


Due, April, 3, 11:30 p.m. Explain in one page (350 words, double space, 12 pts) and in detailed: If there was an economic drop of 5%, how a short and long run firm supply and demand would be affected and what is the decision a CEO must take. In your response, please consider the PPF curve, opportunity cost, perfect competition, and social welfare.

Textbook:??Microeconomics, 10th?Edition

Author:???William A McEachern

Publisher:??Cengage


Running head: ECONOMIC DROP

 


 

1

 


 

Economic Drop

 

Student?s Name

 

Institution

 


 

ECONOMIC DROP

 


 

2

 

Economic Drop

 

Long-run impact

 


 

An economic drop, in the long run, is associated with various adverse...

 


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