If the price of a product being sold in a perfectly competitive market increases,
A) the MRP curve shifts to the right.
B) the MPP curve shifts to the right.
C) the MFC curve shifts to the right.
D) the MFC curve shifts to the left.
A
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In the United States each year, approximately
a. 50% of all businesses fail. b. 25% of all businesses fail. c. 10% of all businesses fail. d. 5% of all businesses fail.
A change in the price of a good will shift the indifference curves
a. True b. False Indicate whether the statement is true or false
In 1986, Ken bought a Ford Mustang for $8,000 . If the price index was 122 in 1986 and the price index was 280 in 2011, then what is the price of the Mustang in 2011 dollars?
a. $3,485.71 b. $8,100.71 c. $18,360.66 d. $22,400.00
The French term "laissez-faire" means:
A. "there is no free lunch." B. "let it be." C. "circular flow." D. "public ownership."