Which of the following is true
a. Increasing output always leads to increase in profits
b. Increasing outputs increase profits if price is above marginal cost
c. Increasing output increases profits if price is lea than marginal costs
d. Increasing output always decreases profits
b
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Which of the following statements is TRUE?
A) The long-run aggregate supply curve is upward sloping. B) The long-run aggregate demand curve is upward sloping. C) The short-run aggregate supply curve is vertical. D) The long-run aggregate supply curve is vertical.
Suppose consumer confidence declines and as a result, consumer spending decreases by $4 billion dollars
Other things equal, if households spend $0.75 of each extra dollar of income and save the remaining $0.25, by how much will spending decrease during the third round through the circular flow? A) $1 billion B) $2.25 billion C) $3 billion D) $4 billion
When costs occur in the future, the ________ the costs occurs, the ________ it is discounted and the ________ negative effect it has on the net present value.
A) sooner; less; larger ; B) later; more; smaller C) sooner; more; smaller D) later; more; larger
Which of the following were prominent among the protesters at the WTO meetings since 1999?
A. labor union members concerned that free trade undermined worker rights to organize. B. environmentalists concerned that corporations would locate in countries that had very lax environmental standards. C. human rights advocates concerned that free trade condoned sweatshop working conditions. D. All of the answers are true.