An increase in the costs of production will cause the:
A. short-run aggregate supply curve to shift to the right.
B. aggregate demand curve to shift to the right.
C. short-run aggregate supply curve to shift to the left.
D. long-run aggregate supply curve to shift to the left.
C. short-run aggregate supply curve to shift to the left.
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High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour. Number of WorkersChairs Produced Per Hour00110218324428530For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $50?
A. 5 B. 3 C. 2 D. 1
When a consumer has chosen an optimal bundle of goods, this bundle maximizes marginal utility.
Answer the following statement true (T) or false (F)
Which of the following is NOT a practice that prevents risk-shifting by a borrower?
A) limited-liability ownership B) placing liens on collateral C) personal guarantees D) restrictive covenants
The Internet might alter incentives of firms in locating their stores
Indicate whether the statement is true or false