If the price of an input rises, producers are willing to produce
A. the same output at each given price.
B. more output at each given price.
C. less output at each given price.
D. none of the statements associated with this question are correct.
Answer: C
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Changing which of the following is a Federal Reserve monetary policy tool?
A) required reserve ratios B) desired reserve ratios C) excess reserve ratios. D) gold and foreign reserve ratios
The World Trade Organization has rules that try to limit the use of tariffs but not the use of nontariff barriers (NTBs).
Answer the following statement true (T) or false (F)
Oligopoly is more difficult to analyze than other market models because:
A. the number of firms is so large that market behavior cannot be accurately predicted. B. the marginal cost and marginal revenue curves of an oligopolist play no part in the determination of equilibrium price and quantity. C. of mutual interdependence and the fact that oligopoly outcomes are less certain than in other market models. D. unlike the firms of other market models, it cannot be assumed that oligopolists are profit maximizers.
Explain how changes in incomes, population, and lifestyles contribute to increasing health care costs
What will be an ideal response?