Lead is an important input in the production of crystal. If the price of lead decreases, other things equal, we would expect the supply of

Rufus runs a skunk-skinning service in West Virginia. He employs skinners at a wage rate of $240 a week for each one. He leases the shack where his workers work for $200 per week. The rent is fixed for the next two years

Last week his 10 employees managed to skin a total of 300 skunks. a. What is the average product of labor for Rufus's company? b. What is Rufus's total variable cost per week? c. What is the average variable cost for Rufus's company? d. If Rufus adds his brother Jethro to his staff, at a wage rate of $240 a week, and his company can now skin 310 skunks per week, what is Rufus's new average variable cost?

The deliberate change in taxes, transfer payments, or government expenditures to achieve macroeconomic policy objectives is known as

A) expansionary fiscal policy. B) contractionary fiscal policy. C) discretionary fiscal policy. D) automatic stabilizers.

According to the information in the table shown, if someone were to make $35,000, she would be able to buy the most goods and services if she lived in:

This table shows the price-level adjustment as compared to the United States.

A. Australia.
B. the United States.
C. Mexico.
D. China.

When decision makers have time to fully adjust to changes in the overall price level, we refer to this as:

What will be an ideal response?