The above figures show the market for oranges. Which figure shows the effect of changing consumer preferences for more orange juice and less coffee in the morning?

Which of these is an advantage of long-term contracts in resource markets? a. Long-term contracts decrease the duration of recessionary gaps. b. Long-term contracts reduce unemployment below its natural rate. c. Long-term contracts help avoid recession in an economy

d. Long-term contracts increase the flexibility of nominal wages. e. Long-term contracts reduce the average cost of negotiation.

A key difference between accountants and economists is their different treatment of the cost of capital. Does this cause an accountant's estimate of total costs to be higher or lower than an economist's estimate? Explain