If a firm launches a successful advertising campaign, then its
a. ATC curve shifts upward with a smaller rise at larger output levels
b. ATC curve shifts upward with a smaller rise at smaller output levels
c. demand curve shifts to the left and becomes flatter
d. demand curve shifts to the right and becomes flatter
e. demand curve shifts to the left and becomes steeper
A
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In Florida, sunscreen and sunglasses are vital items
If the tax on sellers of these items is doubled from 5.5 percent to 11 percent, who will pay most of the tax increase: the buyer or the seller? Will the tax increase halve the quantity of sunscreen and sunglasses bought?
According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A. consumer surplus will decrease from (A + B + C) to (B + C) only.
B. consumer surplus will increase from (A + B + C) to A only.
C. consumer surplus (B + C) will transfer to producers.
D. consumer surplus will decrease by (B + C).
If Sean sells Susan a DVD player for $30, we would expect that Select one:
a. Both Shawn and Susan will gain from this transaction. b. Sean will gain from the transaction, but Susan will lose. c. Susan will gain from the transaction, but Sean will lose. d. The well-being of both parties will be unchanged.
In a country with 200 million people aged 16 years and older, 120 million are in the labor force, and 114 million are employed, what is the participation rate?
A. 40 percent B. 95 percent C. 57 percent D. 60 percent