Refer to the below schedules. There would be no incentive function performed by price in which of the given resource supply schedules?
Use the following demand schedule and possible supply schedules, A-D, to answer the question.
A. A
B. B
C. C
D. D
C. C
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The following scatterplot displays the 1990 per capita income versus number of deaths due to traffic accidents per 100,000 people for each of the 50 states plus the District of Columbia.Which of the following is a plausible value for the correlation coefficient between weight and MPG?
A) +0.2 B) –0.5 C) +0.7 D) –1.0
The marginal product of labor is
a. the average number of units produced by each worker. b. the additional output produced when another worker is hired. c. a worker's weekly production. d. the total number of units each worker is capable of producing.
According to crude versions of the quantity theory of money
A. the income velocity of money is highly variable in the short run. B. a full employment rate of output is not characteristic of market equilibrium. C. a 10-percent increase in the money supply will result in a 10-percent increase in the price level. D. a 25-percent decrease in the money supply will result in a 25-percent decrease in velocity.
During a period of unanticipated inflation,
A. Debtors and creditors are both better off because of lower real interest rates. B. Individuals on fixed incomes are better off. C. All individuals are worse off because of the level of uncertainty. D. Debtors are better off and creditors are worse off.