The growing popularity of energy conservation has enticed large home improvement stores like Home Depot and Lowes to offer tankless water heaters
How does the fact that home improvement stores now offer these products affect the tankless water heater market?
A) The demand curve for tankless water heaters shifts to the left.
B) The supply curve for tankless water heaters shifts to the left.
C) The supply curve for tankless water heaters shifts to the right.
D) The demand curve for tankless water heaters shifts to the right.
C
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According to the table, the Big Mac would cost the same in Switzerland and the United States at an exchange rate of ________ Swiss franc for every one U.S. dollar
A) 0.86 B) 1.27 C) 1.36 D) 2.72
How does the labor-leisure trade-off determine the supply of labor?
What will be an ideal response?
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
The external marginal cost of producing coal is MCexternal = 8Q while the internal marginal cost is MC internal = 6Q. The inverse demand for coal is given by P = 180 ? 4Q. What is the socially efficient level of output?
A. 15 B. 20 C. 18 D. 10