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In the mid-1980s, the salaries of accounting professors with Ph.D.s increased dramatically. This ...

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In the mid-1980s, the salaries of accounting professors with Ph.D.s increased dramatically. This ...

In the mid-1980s, the salaries of accounting professors with Ph.D.s increased dramatically. This resulted in an increase in enrollments in Ph.D. accounting programs. Since a Ph.D. degree in accounting may take at least four years to complete, the short-run elasticity of supply of accounting professors is
A) greater than the long-run-elasticity of supply.
B) less than the long-run elasticity of supply.
C) equal to the long-run elasticity of supply.
D) equal to the short-run elasticity of demand.

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Microeconomics: Theory and Applications with Calculus

Edition: 4^th

Author: Perloff

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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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forrest

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More solutions for this book are available here

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PaulKet Author

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Correct

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Just got PERFECT on my quiz

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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