A reduction in production costs will result in a(n):
a. rightward shift of the supply curve.
b. increase in supply.
c. greater willingness and ability of producers to supply a larger quantity at any given price.
d. greater willingness and ability of producers to supply the same quantity at a lower price.
e. all of these.
e
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In derivative markets, trade takes place in
A) assets such as bonds or common stock that derive their value from the value of the companies which issue them. B) assets whose rates of returns must be derived from information published in financial tables. C) assets that derive their value from underlying assets. D) assets which are not allowed to be traded on organized exchanges.
By itself, an increase in the price of oil shifts the...
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The sale of a used automobile would not be included in the GDP for the current year because it is a:
A. nonmarket transaction. B. public transfer payment. C. noninvestment transaction. D. nonproduction transaction.
In the above table, the marginal revenue from the fourth unit of output is
A) $30. B) $147. C) $150. D) $180.