An increase in the demand for computers and a decrease in the number of sellers of computers will definitely ________
A) increase the number of computers bought
B) increase the price of a computer
C) increase the price of a computer and the number of computers bought
D) not change the price of a computer and increase the number of computers bought
B
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For a monopoly, the demand for its product is perfectly elastic at the market price
Indicate whether the statement is true or false
Why is it that the enforcement of contracts by government is so crucial to the conduct of business?
What will be an ideal response?
The antitrust laws regulate all of the following business decisions except ____
a. collusion b. mergers c. monopolistic practices d. price discrimination e. wage levels
Suppose a firm can hire 100 workers at $8.00 per hour but must pay $8.05 per hour to hire 101 workers. Marginal factor cost (MFC) for the 101st worker is approximately equal to:
A. $8.00. B. $8.05. C. $13.05. D. $13.00.