|
Supply is a fundamental concept of both macro- and microeconomic analyses.
|
|
(пусто)
|
|
In macroeconomic theory, aggregate supply is mainly a function of expected sales to consumers, business and governments.
|
|
(пусто)
|
|
In microanalysis supply is mainly a function of prices and costs of production.
|
|
(пусто)
|
|
Incorporated in the supply surve, goods and services are opportunity costs.
|
|
(пусто)
|
|
Economists differ from accountants and from the internal revenue service by including both explicit and implicit costs, or opportunity costs.
|
|
(пусто)
|
|
Implicit costs are mainly business for wages, rents and interest, whereas opportunity costs are the alternative costs of doing something else.
|
|
(пусто)
|
|
In competitive markets the shape, reflects time in the production process, such as the immediate or immediate or market period, the short run, and the long run.
|
|
(пусто)
|
|
The supply curve … the short run is less inelastic or more elastic then in the immediate period.
|
|
(пусто)
|
|
The long run permits sufficient time for the greater the elasticity of supply.
|
|
(пусто)
|
