To calculate market supply, we
A. Add the quantities supplied for each individual supply schedule vertically.
B. Add the quantities supplied for each individual supply schedule horizontally.
C. Find the average quantity supplied at each price.
D. Find the difference between the quantity supplied and the quantity demanded at each price.
Answer: B
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Let "C = Ca + by" define the consumption function. The term "by" is
A) the marginal propensity to consume. B) autonomous consumption. C) current income. D) consumption that depends on income.
Explain the relationship among the capital stock, gross investment, net investment, and depreciation
What will be an ideal response?
A sales commission is charged for the purchase of
A) no-load mutual funds. B) load mutual funds. C) sinking mutual funds. D) syndicated funds.
Which of the following will shift the supply curve for laptop computers to the left?
A) development of a cheaper microchip used in laptop computer production B) a subsidy to the laptop computer industry C) expectations of a future decline in laptop computer prices D) a reduction of the number of firms that make laptop computers