A firm is experiencing theft problems at its warehouse. A consultant to the firm believes that the dollar loss from theft each week (T) depends on the number of security guards (G) and on the unemployment rate in the county where the warehouse is located (U measured as a percent). In order to test this hypothesis, the consultant estimated the regression equation T = a + bG + cU and obtained the following results: 
Based on the above information, if the firm hires 6 guards and the unemployment rate in the county is 10% (U = 10), what is the predicted dollar loss to theft per week?
A. $8,300 per week
B. $5,150 per week
C. $9,955 per week
D. $4,375 per week
Answer: D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Explain the difference between a change in supply and a change in quantity supplied
What will be an ideal response?
The Customer List contains information about:
a. The quantity of non-inventory parts on hand b. The credit rating of the vendors c. Vendors from whom the company buys products and services d. Customer addresses, contacts and phone numbers
A decrease in the price of eggs, all other things unchanged, will result in a(n):
A) increase in the demand for eggs. B) increase in the supply of eggs. C) greater quantity of eggs supplied. D) greater quantity of eggs demanded.