According to data on Pennsylvania agriculture in the 18th century, the average size of a farm _________, while the number of cleared acres per farm ______________

a. increased; decreased
b. decreased; increased
c. decreased; remained fairly stable
d. remained fairly stable; increased


c. decreased; remained fairly stable

Economics

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In the above figure, the relationship between costs and quantity is negative

A) between point A and point B. B) between point B and point C. C) along the entire curve. D) nowhere along the curve.

Economics

A decrease in the money supply in the short run will cause an increase in planned investment spending

a. True b. False Indicate whether the statement is true or false

Economics

Exhibit 5-6 Demand curve for concert tickets ? In Exhibit 5-6, if promoters lower their ticket price from $30 to $20, then:

A. ticket sales will increase but total revenue will decrease because demand is inelastic between $30 and $20. B. both ticket sales and total revenue will increase because demand is inelastic between $30 and $20. C. ticket sales will decrease but total revenue will increase because demand is elastic between $30 and $20. D. both ticket sales and total revenue will increase because demand is elastic between $30 and $20.

Economics

Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow.  Figure 8.5 Refer to Figure 8.5. If four drones are produced, average variable costs are

A. $5. B. $10. C. $17.50. D. $25.

Economics