________ marginal costs of production would tend to ________ a good's ________
A) Higher; increase; supply curve
B) Lower; increase; supply curve
C) Lower; decrease; supply curve
D) lower; increase; demand curve
B
You might also like to view...
Refer to the table above. If Jack has an annual income of $50,000 and Jill earns $77,500, which of the following is true?
A) Jack and Jill pay an equal amount of tax. B) The average rates of tax paid by Jack and Jill are equal. C) The marginal tax rate for Jack is higher than the marginal tax rate for Jill. D) Jack and Jill fall in the same tax bracket.
Pete's Package Delivery Service currently makes deliveries only within the state, but now decides to expand the scale of its operation by serving the neighboring state as well. It is likely to find
a. total variable costs decline as diminishing returns set in b. total fixed costs decline as more trucks cover a wider area c. total variable costs rise as more fuel and drivers are needed d. the price of hiring a worker falls as more workers are hired e. profits rise as total costs remain constant
Using the UIP equation, what would happen to the spot rate for euros if the interest rate on U.S. dollar deposits rises ceteris paribus?
a. The spot rate to purchase euros would rise (dollar depreciation). b. The spot rate to purchase euros would fall (dollar appreciation). c. The spot rate to purchase euros would be unchanged. d. The U.S. Federal Reserve would have to raise U.S. short-term interest rates.
The effect of an import quota is to
A. raise the price and reduce the quantity of imports. B. raise the price and the quantity of imports. C. lower the price and the quantity of imports. D. raise the quantity and reduce the price of imports.