A shift from D1 to D2 represents
A. an increase in demand.
B. a decrease in demand.
C. no change in demand.
A. an increase in demand.
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Carol's Candies is producing 150 boxes of candy a day. Carol's marginal revenue and marginal cost curves are shown in the figure above. To increase her profit, Carol should
A) increase her output. B) decrease her output. C) maintain the current level of output because it gives her the maximum profit. D) Not enough information is given to determine if Carol should increase, decrease, or not change her level of output.
Assume that you have data on a firm's average fixed cost and average variable cost for various levels of output and you are asked to calculate the total variable cost and total cost of the firm
Would this be enough information to perform this calculation? Explain
A decrease in the price level will result in:
a. a downward shift of the AD curve. b. an upward shift of the AD curve. c. a movement up the AD curve. d. a steeper slope of the AD curve. e. a movement down the AD curve.
Refer to the information provided in Figure 1.2 below to answer the question(s) that follow.
Figure 1.2Refer to Figure 1.2. The slope of the line between Points A and B is
A. 0.4. B. 1.2. C. 2.5. D. indeterminate from this information.