Answer the question based on the following list of items that are related to aggregate demand and/or aggregate supply.
Refer to the list above. Changes in which combination of factors best explain why the aggregate supply curve would shift?
A. 1 and 2
B. 2 and 10
C. 3 and 6
D. 7 and 8
D. 7 and 8
You might also like to view...
Over the last 50 years, poverty has been:
A. falling, and inequality has been rising. B. falling, and inequality has been falling as well. C. rising, and inequality has been rising as well. D. rising, and inequality has been falling.
Profit maximization occurs where
A) each factor is used up to the point where its marginal revenue product is equal to its marginal factor cost. B) each factor is used up to the point where its marginal physical product is equal to its marginal factor cost. C) average variable cost equals marginal cost. D) average variable cost equals average total cost.
Once a firm is made to internalize a negative externality, the price will
A. increase and output will decrease. B. decrease and output will increase. C. decrease and output will decrease. D. increase and output will increase.
Refer to the information in Figure 16.5 below to answer the question(s) that follow.
?Figure 16.5Figure 16.5 shows the marginal benefits of emitting pollution for the only two chemical companies in an industry, Alpha Chemicals and Beta Chemicals. Before any tax on pollution emissions is imposed, each company views pollution as being free.Refer to Figure 16.5. Before any tax on pollution is imposed, Alpha Chemicals is emitting ________ tons of pollution.
A. 25 B. 50 C. 75 D. 100