A higher rent ________ lead to an increase in the quantity of land supplied.
A. will definitely
B. will probably
C. may
D. will not
D. will not
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If consumers desire choice
A) network effects with be minimized. B) network effects are enhanced. C) networks shift back to a previous technology. D) government will regulate variety.
Which of the following was a result of the many programs introduced as part of the New Deal?
a. a business environment of uncertainty that reduced output and investment b. a speeding up of the economic recovery process once these programs were enacted c. an increase in trade, investment, and output within the business sector d. a steady decline in the unemployment rate
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
According the graph shown, the firm's most efficient scale of operation is to produce quantity:
A. Q1. B. Q2. C. Q3. D. Any quantity as long as P1 is charged.
Which of the following would cause an increase in quantity of wheat supplied?
A. The price farmers receive for their wheat rises B. The price firms pay for liability insurance falls C. New, better technology for farming is introduced D. The price of fertilizer farmers use in their fields falls