Production minus sales equals
A. total revenue.
B. change in inventories.
C. depreciation.
D. net profits.
Answer: B
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The graph below represents the market for alfalfa. The market price is $7.00 per bushel. Identify the areas representing consumer surplus, producer surplus, and economic surplus
What will be an ideal response?
Between 1960 and 1980, the labor force participation rate of women ____. Between 1980 and 2011, the labor force participation rate of women ____
a. fell; fell b. rose; rose c. fell; rose d. rose; fell
Households are on the:
A. supply side of both factor markets and goods markets. B. supply side of factor markets and the demand side of goods markets. C. demand side of factor markets and the supply side of goods markets. D. demand side of both factor markets and goods markets.
Changes in taste and preference refer to changes in
A) Composition of the population. B) Attitudes toward food safety. C) Attitudes toward nutrition and health. D) All of the above.