Monetarists argue that the amount of money the public will want to hold depends primarily on the level of:

The long-run average cost curve connects the lower part of the short-run cost curves because:

A) prices of inputs are less when acquired for a longer time period. B) in the long run, firms have more flexibility to change input combinations. C) specialization of inputs increases productivity only in the long run. D) the firms earn positive profits in the long run.

High Powered Incentives Hyperion Tool & Dye bids for contracts to retool other companies' production lines. The compensation schedule for their sales staff includes a 2% commission for the first $350,000 in orders per quarter, 3% for the next $650,000,

and 4% for amounts over $1,000,000 . Hyperion is having trouble scheduling its staff for the jobs that they are awarded because the orders always seem to be awarded around the first and last days of a quarter. Why are orders bunched like this and how can Hyperion fix this?