The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. The tax decreases consumption by
A) 1,000 blouses.
B) 2,000 blouses.
C) 3,000 blouses.
D) 4,000 blouses.
A
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In January, suppose that a share of stock in Meyer, Inc had a price of $50 and that each share entitled its owner to $2 of Meyer, Inc's profit. During the year, the price of a share of Meyer's stock rose to $100
The interest rate paid on the share in January was ________ percent. A) 2 B) 0.02 C) 4 D) 25
Patents have become less important than such factors as secrecy, lead time, and increased sales and service efforts as a means to maintain a competitive advantage in the pharmaceutical industry
Indicate whether the statement is true or false
The MRTS for isoquants in a fixed-proportion production function is:
A) zero or one. B) always zero. C) always one. D) zero or undefined.
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher