Which of the following causes a movement along a supply curve?
A) a change in resource costs
B) a change in technology
C) a change in the price
D) all of the above
Answer: C
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A flat tax which does allow deductions for investment spending is a type of
A) investment tax. B) excise tax. C) luxury tax. D) consumption tax.
The figure above shows a monopoly's total revenue and total cost curves. The monopoly's marginal revenue equals its marginal cost when it produces
A) 0 units of output. B) 5 units of output. C) 15 units of output. D) 20 units of output.
When Little Furniture Company produces 100 chairs - its average variable cost is $25 . The marginal cost of the 101st chair is $22 . If the firm chooses to produce the 101st chair, what will happen to average variable cost? Explain
What will be an ideal response?
An example of screening during the hiring process is:
A. just asking for the information. B. an interview. C. checking references. D. All of these are ways to screen candidates.