As frozen yogurt became popular, many different frozen yogurt shops popped up all over the country. This suggests that the
A. the quantity supplied of frozen yogurt decreased.
B. supply of frozen yogurt decreased.
C. supply of frozen yogurt increased.
D. the quantity supplied of frozen yogurt increased.
Answer: C
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If an employer pays employees according to the volume of business revenue they individually generate, then the employer is applying the
A) productivity standard. B) merit standard. C) contributive standard. D) all of the above.
The market demand function for wheat is Qd = 10 - 2P and the market supply function is Qs = 4P - 2, both measured in billions of bushels per year. Suppose the government wants to increase the price of wheat to $3/bushel and they impose a price floor to achieve their goal. What is the size of the producer surplus?
A. $4 billion B. $6 billion C. $10.5 billion D. $8 billion
The trade-off between risk and expected value is exactly the kind of choice you have to make whenever you think about investing money in:
A. stocks. B. retirement funds. C. bonds. D. One needs to think about the trade-off to invest in all these things.
A camera manufacturer will sell its cameras only to retailers who agree to buy its brand of film. This is an example of
a. price discrimination b. exclusive dealing c. a tying contract d. interlocking directorates e. a trust