Which of the following is not associated with the aggregate supply curve?
A. The profit effect.
B. The interest rate effect.
C. The cost effect.
D. Factors of production.
Answer: B
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An economy is an organization that produces goods and services and then allocates those goods and services to its members
Indicate whether the statement is true or false
Christy's Haircuts, the sole supplier of haircuts in a small town, faces the demand schedule shown in the table above. What is Christy's marginal revenue from the 25th haircut?
A) zero B) $5.00 C) $17.50 D) $50.00
Suppose a pizza restaurant has two pizza ovens that may be used to bake pizzas, so the restaurant has a maximum capacity constraint that affects the shape of the firm's short-run marginal cost curve
What happens to maximum capacity segment of this curve if the firm adds another pizza oven? A) Shifts upward B) Shifts downward C) Shifts leftward D) Shifts rightward
GDP does not directly include:
a. the value of final goods and services produced, but not sold, during a period. b. the value of services rendered during a period c. the value of intermediate goods sold during a period. d. any of the above.