A short-run total cost schedule is a ________ cost schedule shifted upward by the amount of ________ cost.
A. total variable; marginal
B. total variable; total fixed
C. total fixed; marginal
D. marginal; total variable
Answer: B
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If grades are to be a successful signal to potential employers of a student's qualities, then higher grades must be
A) easier for high-productivity students to earn than for low-productivity students to earn. B) easier for low-productivity students to earn than for high-productivity students to earn. C) easy for employers to check. D) used for all future promotions within the firm. E) often referred to in the hiring process.
If the demand for a consumer good increases, the demand for resources required to make the good will
a. remain the same, but the quantity demanded will increase. b. decrease if the demand for the consumer good is inelastic, otherwise the demand will increase. c. stay the same, but the quantity demanded will decrease. d. increase.
If the production of computer chips yields greater technology spillovers than the production of potato chips, the government should
a. encourage the production of computer chips with subsidies. b. discourage the production of potato chips with taxes. c. encourage the production of potato chips with subsidies. d. discourage the production of computer chips with taxes.
If changes in monetary policy are going to help stabilize the economy, they must
What will be an ideal response?