People had been expecting the price level to be 140 but it turns out to be 138 . Johnson Family Restaurants increases the number of workers it employs. What could explain this?
a. both sticky price theory and sticky wage theory
b. sticky price theory but not sticky wage theory
c. sticky wage theory but not sticky price theory
d. neither sticky wage theory nor sticky price theory
d
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In the above figure, economies of scale are present up to an output level of
A) 5,000 pounds of coffee. B) 10,000 pounds of coffee. C) 13,000 pounds of coffee. D) 15,000 pounds of coffee.
The marketing mix includes:
product, price, place, promotion product, price, principle, promotion product, precision, place, promotion product, price, place, punctuality
Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: The value of the dollar plummeted in international currency markets, causing foreigners to buy more American goods. (See Figure 8.6.)
A. A. B. B. C. C. D. D.
Marge also buys pizza for $10 and Pepsi for $2. She has income of $200. Her budget constraint will experience a parallel outward shift if
a. the price of pizza falls to $8, the price of Pepsi falls to $1, and her income rises to $240. b. the price of pizza falls to $5, the price of Pepsi falls to $1, and her income falls to $100. c. the price of pizza rises to $20, the price of Pepsi rises to $4, and her income remains the same. d. the price of pizza rises to $20, the price of Pepsi rises to $4, and her income rises to $500.