If a business is losing money on the goods it is producing, this indicates that
a. the business is producing the goods at the lowest possible cost.
b. the resources used to produce the goods are too expensive and need to be subsidized in order to be used productively.
c. the resources would be used more productively producing other things.
d. the consumer values the goods highly relative to costs.
c. the resources would be used more productively producing other things.
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With respect to the supply and demand for a given product, describe the connection that exists between equilibrium/disequilibrium and predictions. Cite your own unique example in order to help support your answer
Use the following diagram of two product demand curves to answer the question. 
On the basis of this diagram, we can say that
A. over the range P1P2, price elasticity of demand is greater for D1 than for D2. B. over range P1P2, price elasticity is the same for the two demand curves. C. over the range P1P2, price elasticity of demand is greater for D2 than for D1. D. not enough information is given to compare price elasticities.
The opportunity cost of producing one bushel of coffee in Brazil is
A. 1/2 bushels of a hot dog.
B. 20 bushels of hot dogs.
C. 2 bushels of hot dogs.
D. 1/2 of a bushel of coffee in Columbia.
Improvements in the level of technology will generally shift the production function downward.
Answer the following statement true (T) or false (F)