If Ep is 3500 and Y is 3000, then companies will
A) reduce orders and production by 500.
B) increase orders and production by 500.
C) wait for final sales to increase but continue to produce at existing level in the future.
D) wait for final sales to decrease but reduce the level of production in the future.
B
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Which statement best describes the growth rate of adult male real wages between 1820-1860 in the U.S.?
a. The growth rate was about the same as it was in pre-Revolutionary U.S. b. The growth rate was negative. c. The growth rate was more than 5 percent per year. d. The growth rate was 1.2-1.6 percent per year.
One of the difficulties of the government privatizing a common resource is:
A. figuring out who owns what when many are using the resource. B. deciding which individuals will have to decrease their consumption. C. compounded the more users there are. D. All of these statements are true.
Recall the Application about the impact Chinese imports have on U.S. labor markets to answer the following question(s).This Application addresses the idea that:
A. imports are only beneficial to a community if they are equally matched by exports from that community. B. imports ultimately have a positive impact on all communities. C. imports have an equal impact on all communities. D. imports have a bigger impact on some communities than on others.
________ provide an incentive for invention and innovation.
A. Network effects B. Patents C. Economies of scale D. Natural monopolies