What is the opportunity cost of moving from point A to point B?
5 milk shakes
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Which of the following would cause the money demand curve to shift to the left?
A. An increase in interest rates B. Inflation C. A technological advance, like online shopping D. An increase in GDP
Lynne teaches violin lessons. She charges $10 for each lesson. Her marginal cost per lesson is $4, and her ATC per lesson is also $4 . If she can increase the number of lessons she teaches and still charge $10 per lesson, should she? How will she know when she is maximizing her profit?
A headline reads "Lumber Prices Up Sharply." In a competitive market, this situation would lead to a(n)
A. decrease in the price and quantity of new homes. B. decrease in the price of new homes and increase in quantity. C. increase in the price and quantity of new homes. D. increase in the price of new homes and decrease in quantity.
The three concepts of optimal capacity utilization are:
a. optimal plant size for a given output rate b. optimal cost of manufacturing c. optimal plant size d. optimal output for a given plant size e. all of these except b f. all of these except c