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In the simplest circular-flow model, households supply _____ and demand _____.
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- How does a change in the price of one input change the firm's long-run expansion path?If the price of an input changes, then theA.slope of the isoquants will change, and the firm will substitute toward the relatively cheaper input toward the relatively cheaper input, pivoting the expansion path toward the axis of the relatively more expensive more expensive input.B.slope of the isocost lines will change, and the firm will substitute away from the relatively more expensive input away from the relatively more expensive input, pivoting the expansion path toward the axis of the relatively cheaper input.C.isocost lines will shift in a parallel fashion, and the firm will substitute away from both inputs, shifting the expansion path in a parallel fashion.D.slope of the isocost lines will change, and the firm will substitute toward the relatively cheaper input toward the relatively cheaper input, pivoting the expansion path toward the axis of the relatively more expensive input.E.isoquants will shift in a parallel fashion, and the firm will substitute away from the relatively more expensive input away from the relatively more expensive input, pivoting the expansion path toward the axis of the relatively cheaper input.
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- The following text is Baron George Gordon Byron's poem "Answer to----'s Profession of Affection," written around 1814. The poem is addressed to an unknown person."In hearts like thine ne'er may I hold a placeTill I renounce all sense, all shame, all grace-That seat, - like seats, the bame of Freedom's realm,But dear to those presiding at the helm-Is basely purchased, not with gold alone;Add Conscience, too, this bargain is your own-'T is thine to offer with corrupting artThe rotten borough of the human heart."What is the main idea of the text? A. the speaker is expressing disapproval towards the unknown personB. the speaker is unimportant to the unknown personC. the speaker is thinking of purchasing a seatD. the speaker holds a place in the heart of the unknown person.