Which of the following events would increase the supply of tomatoes?
a. The introduction of mechanized tomato pickers, which raises the cost of production.
b. An increase in wages for the tomato pickers.
c. A decrease in the cost of fertilizers for the tomato plants.
d. Unseasonably hot, dry weather in the tomato-growing regions of the nation.
e. A decrease in the price of pasta products.
c
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Contractionary monetary policy will result in
A) higher interest rates. B) increased rates of inflation. C) a leftward shift in the long-run Phillips curve. D) an upward shift in the short-run Phillips curve.
The coefficient of determination is the proportion of the variation that is not explained by the regression model
Indicate whether the statement is true or false
Refer to the payoff matrix below. If each cell has a probability of occurrence of 0.25, what are Cruise the World's expected profits?
Cruise R Us and Cruise the World compete in the cruise line industry. Each firm needs to determine if they are going to offer special cruise packages with special rates or not offer the specials. The above payoff matrix shows the firms' net economic profit for each set of strategies.
A) $5 B) $10 C) $9 D) $8
Which of the following is not a barrier to entry in an industry?
A. Economies of scale B. Profit maximization C. Strategic pricing D. Government licensing