Which of the following will cause a change in quantity supplied?
A. a change in the number of firms in the market
B. a change in the market price of the good
C. a change in input prices
D. a technological change
Answer: B
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How might financial deepening contribute to poverty reduction?
What will be an ideal response?
If the quantity output and average cost at that output level are known, then it is possible to determine marginal cost for that output level.
Answer the following statement true (T) or false (F)
A monopsonist is currently employing 50 workers at $10 an hour. It wants to hire an additional worker, but will have to pay the worker $10.10. The marginal factor cost is
A) ten cents. B) $10.00. C) $10.10. D) $15.10.
Which of the following is a main factor that explains the differences in the incomes of U.S. households?
A. inheritances B. luck and misfortune C. discrimination D. All of these