Assume that the price for lawn care has fallen and sales of lawn care services have also fallen. One can conclude that
A) the demand for lawn care service has decreased.
B) the law of supply has been violated.
C) lawn care services are deliberately charging low prices because they want to discourage people from maintaining their own lawns.
D) the number of lawn care service companies has increased.
A
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Refer to the table below. What is the profit-maximizing price for Gorgeous Sands Resort to charge during the peak period?
The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units.
A) $7,000
B) $7,800
C) $8,000
D) $10,000
The optimal mix of output may not be produced by an economy because of the existence of
A. Production possibilities. B. Internalities. C. Inequity. D. Underproduction of public goods.
The current chair of the Board of Governors of the Federal Reserve System is
A. Jerome Powell. B. Ben Bernanke. C. Janet Yellen. D. Alan Greenspan.
Refer to the given data. Item (5) indicates:
The following table contains hypothetical data for the 2012 U.S. balance of payments. Answer the question on the basis of this information. All figures are in billions of dollars.
A. that the United States' current account was in surplus.
B. the size of the net inflow of foreign investment to the United States that occurred in 2012.
C. the net amount Americans received as interest and dividends on existing U.S. investments abroad.
D. the net amount Americans paid as interest and dividends on existing foreign investments in
the United States.