If two inputs are complementary and employed in fixed proportions, an increase in the price of one input will:
A. Decrease the demand for the other input
B. Increase the demand for the other input
C. Increase the quantity demanded for the other input
D. Have no effect on the demand for the other input
A. Decrease the demand for the other input
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The figure above shows a monopolistically competitive firm in the short run. During the transition to the long run, the demand curve will shift ________ and the MR curve will shift ________
A) leftward; leftward B) leftward; rightward C) rightward; leftward D) rightward; rightward
Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant, Ziva helps people organize their houses. Due to the popularity of her home-organization services, Farmer Ziva has more clients requesting her services than she has time to help if she maintains her farming business. Farmer Ziva charges $25 an hour for her
home-organization services. One spring day, Ziva spends 10 hours in her fields planting $130 worth of seeds on her farm. She expects that the seeds she planted will yield $300 worth of lettuce. Ziva's economic profit from farming equals a. $-130. b. $-80. c. $130. d. $170.
The period of growth from the level of the previous peak to a new peak in Real GDP is called a
A. recession. B. expansion. C. recovery.
TARP was created during the Presidency of
A. President G.W. Bush. B. President B. Obama. C. President G.H.W. Bush and only implemented by President G.W. Bush. D. President Clinton and only implemented by President G.W. Bush.