The law of supply states that, other things equal, an increase in
a. price causes quantity supplied to increase.
b. price causes quantity supplied to decrease.
c. quantity supplied causes price to increase.
d. quantity supplied causes price to decrease.
a
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The three elements of a game are:
A. the costs, the revenue, and the profit. B. the firm, the consumers, and the profit. C. the players, the strategies, and the payoffs. D. the model, the graph, and the costs.
Dr. X, an assistant professor at a large state university, is trying to decide how to allocate the 50 hours a week she spends working among the various activities expected of an assistant professor. The professor wants to maximize her raise next year and the table shows estimates of how time spent in each activity will contribute to her raise:
Given the above information, how should she allocate her time?
A. 20 hours research, 16 hours teaching, 14 hours service B. 18 hours research, 16 hours teaching, 16 hours service C. 20 hours research, 15 hours teaching, 15 hours service D. 17 hours research, 17 hours teaching, 16 hours service E. none of the above
In a PEST, how would an aging population be categorized?
Political factor Economic factor Social factor Technological factor
Refer to the scenario above. What is the number of employed workers in the economy?
A) 1 million B) 2 million C) 3 million D) 4 million