Which of the following will cause a movement upward along a supply curve?
a. Increases in raw-material costs.
b. Increases in labor costs.
c. Increases in the cost of machinery.
d. Increases in the market price of a good, other things being equal.
d
You might also like to view...
Refer to the following graphs.
Which of the graphs correctly labels the axes of the AS-AD model?
A. Graph (1) B. Graph (2) C. Graph (3) D. Graph (4)
U.S. capital at the end of 2012 equals U.S. capital at the beginning of 2012 plus
A) gross investment during 2012. B) net investment during 2012. C) nothing, because capital can't change in just one year. D) gross investment during 2012 minus net investment in 2012. E) depreciation during 2012 minus gross investment during 2012.
The stock of high-powered money in the economy is $80 billion. The bank reserve-holding ratio is 0.12 and the public wishes to hold 10% of its deposits as cash. The money supply will be approximately
A) $363 billion assuming the 80 billion of high-powered money is held by banks. B) $400 billion assuming the 80 billion of high-powered money is held by the Fed or in bank vaults. C) $327 billion assuming the 80 billion of high-powered money is not held by the Fed or in bank vaults. D) $425 billion assuming the 80 billion of high-powered money is held by banks.
How did Apple overcome consumers' diminishing marginal utility for iPads?
A. Apple lowered the price of iPads so that previous buyers would purchase another unit. B. Apple introduced new features to entice previous buyers to purchase new models. C. Apple ignored the problem and focused solely on attracting new buyers. D. Apple was unable to overcome the problem and has faced steadily declining sales.