The short-run supply curve of a perfectly competitive firm is the portion of _ _ curve lying. the curve. A curve.showing different combinations of labor and capital that will produce 100 widgets is called a[n) The short-run Phillips curve shifts up and to the right if there is an increase in the Or an increase in the The characteristics of pure public good are and If bicycles and scooters are substitutes, then a in the price of bicycles will decrease the demand for scooters, which will _ their price. A profit-maximizing monopoly produces _the socially optimal amount because cost is than price. C-1. Modern aggregate-supply theory asserts that firms will respond differently to a change in price resulting from an increase in aggregate demand depending on whether the change was anticipated or unanticipated. Use one of the three models discussed in class-the wage-contract model, the mepucost model, or the misperceptions model-to explain why the response to anticipated vs. unanticipated demand shocks would be different and how this difference leads to the conclusion that the SRAS curve slopes upward while the LRAS curve is vertical. C-Z. Elmo is a rational consumer. When buying apples and bananas in a competitive market, he chooses to buy 7 apples at $1.50 each and 4 bananas at $2.00 each. What, if anything, can wesay about whether Elmo would have higher utility with each of the following commodity bundles than with his current one? a. B apples and 4 bananas b. 6 apples and 5 bananasDescribe what frameworks are? Why use frameworks? What are the specific questions to be asked when considering the development of an frameworks in m&e. What are conceptual frameworks? What are examples of conceptual frameworks? Describe the steps in the logical framework approach. Describe the steps in stakeholder analysis. Develop the stakeholder analysis matrix. Describe the problem analysis process. Whag really is objectivity analysis