All else equal, an increase in the price of complementary products for the Apple Watch, such as Sensoria's wearable technology, would
A) shift the demand curve for the Apple Watch to the left.
B) shift the supply curve for the Apple Watch to the left.
C) shift the demand curve for the Apple Watch to the right.
D) shift the supply curve for the Apple Watch to the right.
A
You might also like to view...
Tommy's Teddy Bears incurs $300,000 per year in explicit costs and $50,000 in implicit costs. The shop earns $600,000 in revenues and has $1.1 million in net worth. Based on this information, what is accounting profit for Tommy's Teddy Bears?
A) $250,000 B) $300,000 C) $500,000 D) $1.35 million
A medium of exchange is
A) any asset that sellers will accept as payment. B) a measure by which prices are expressed. C) an asset that is used to settle future debts. D) the thing traded when barter takes place.
If a firm has a fixed cost of $200,000, and a variable cost of $130,000 at an output of one, how much is marginal cost at an output of one?
A. $70,000 B. $130,000 C. $200,000 D. $270,000
The firm or corporation is the focal point for
A. dealing with asymmetric information. B. value minimization. C. the interaction of demand and supply. D. a set of contracts.