The law of supply states that other things being equal
A) supply creates its own demand.
B) supply will increase if productivity increases.
C) as price increases, quantity supplied increases.
D) supply will increase to meet demand if demand increases.
C
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Economics examines the options open to households and business firms, but ignores the options of governments and entire societies
a. True b. False Indicate whether the statement is true or false
Taken as a whole, antipoverty programs may actually put a poor family in a position in which the family becomes worse off if its earnings rise.
Answer the following statement true (T) or false (F)
Iggie took a university teaching job as an assistant professor in 1980 at a salary of $15,000 . By 2011, she had been promoted to full professor, with a salary of $70,000 . If the price index was 82 in 1980 and 225 in 2011, then what is Iggie's 1980 salary in 2011 dollars?
a. $5,400 b. $20,466 c. $26,158 d. $41,159
In the derivation of TFC, you find
A. the minimum-slope ray out of the origin to the TVC. B. the vertical intercept of the TC and draw a horizontal line. C. the minimum-slope ray out of the origin to the TC. D. the minimum-slope ray out of the origin to the ATC.