If it costs you $60 to produce 3 widgets and $64 to produce 4 widgets, the marginal cost to you of producing a 4th widget is
A) $62.
B) $20.
C) $18.
D) $6.
E) $4.
E
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A decline in the expected inflation rate causes the demand for money to ________ and the demand curve to shift to the ________, everything else held constant
A) decrease; right B) decrease; left C) increase; right D) increase; left
The Environmental Protection Agency (EPA) administers all of the following acts except the
a. Clean Air Act b. Water Pollution Control Act c. Safe Drinking Water Act d. Toxic Substances Act e. Federal Reserve Act
An increase in the demand for computers leads to an increase in demand for computer programmers. This situation arises because:
A. programmers minimize the costs of production. B. the supply of programmers has decreased. C. the demand for programmers is a derived demand. D. of producer sovereignty in resource markets.
Based on the graph showing an increase in the growth of the money supply, as soon as workers realize their real wages have fallen, they will demand higher wages, which ______.
a. shifts the short-run Phillips curve to the left
b. shifts the short-run Phillips curve to the right
c. moves the economy back down the Phillips curve to Point A
d. moves the economy back up the Phillips curve to Point B