Figure 11-1
?
In Figure 11-1, a technological breakdown in calculator production would cause which movement?
A. B to E
B. B to C
C. B to D
D. A to D
Answer: C
You might also like to view...
The change in total cost from producing another unit of output equals the
A) average total cost. B) variable cost. C) average variable cost. D) marginal cost.
A macroeconomist — as opposed to a microeconomist — might study the effect of
a. changes in the money supply on the inflation rate. b. an increase in the gas tax on fuel consumption. c. a technological advance on the natural gas industry. d. a hurricane on prices in the orange industry.
If a college enforces a new policy where anyone caught cheating is immediately expelled, the basic postulate of economics suggests that
A) the amount of cheating will be unaffected. B) any of the above is possible because student behavior is unpredictable. C) fewer students will attempt to cheat. D) cheating will be completely eliminated.
Single-owner proprietorships often unintentionally exaggerate their profits because they
A. look at after-tax instead of pre-tax costs. B. neglect to consider the opportunity cost of the owner's labor. C. pay their bills late and therefore incur large interest charges. D. forget their explicit losses.