An increase in the value of the U.S. dollar in world markets, other things constant, would increase the demand for U.S. exports.
a. true
b. false
b. false
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A monopolistically competitive firm maximizes profit where
A) price > marginal cost. B) total revenue > marginal cost. C) marginal revenue > average revenue. D) price = marginal revenue.
In the short run, a negative supply shock
a. causes firms' unit costs to decrease b. shifts the AS curve to the right c. causes output to decrease and the price level to increase d. shifts the AD curve to the left e. causes both output and the price level to decrease
The extensors that move the leg, commonly known as the quadriceps, include the __________.
a. true b. false
?Kites /hourSnowboards /hourJesse81April123
Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 18.1 shows how much of each good Jesse and April can paint in one hour. Jesse's opportunity cost of painting one snowboard is painting:
A. 1/8 of a kite. B. 1.5 kites. C. 8 kites. D. 12 kites.