If Tesla is thinking about building a new factory, it is making a
A. Long-run decision that may enhance its profit.
B. Short-run decision that will definitely enhance its profit.
C. Short-run decision that may enhance its profit.
D. Long-run decision that will definitely enhance its profit.
Answer: A
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Quantity supplied refers to the amount of a good or service that a firm is willing and able to supply at a given price
Indicate whether the statement is true or false
Which of the following would cause both the equilibrium price and equilibrium quantity of cotton (assume that cotton is a normal good) to increase?
A) a drought that sharply reduces cotton output B) an increase in consumer income C) a decrease in consumer income D) unusually good weather that results in a bumper crop of cotton
Opportunity cost is the highest possible price you can receive when you sell an object.
Answer the following statement true (T) or false (F)
Federal Reserve Bank Notes become currency when they are
a. actually printed b. delivered, after being printed, to the District Federal Reserve Banks c. transferred from the District Federal Reserve Banks to member banks d. converted by member banks into demand deposits e. used by banks as loans