An increase in the equilibrium quantity of good B can be caused by
A) an increase the price of inputs utilized in producing good B.
B) an increase in the price of good B.
C) a technological improvement in the process of producing good B.
D) a reduction in the number of producers of good B.
Answer: C
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Which of the following will most directly determine the market price of a business or physical asset?
a. cost of the asset b. expected future net earnings derived from the asset c. book value (original purchase price minus depreciation) of the asset d. age of the asset
If there are 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants, then there are __________ unemployed persons
A) 35 B) 47 C) 25 D) 37 E) There is not enough information to answer the question.
Lack of access to sanitation and inadequate medical care have a negative impact on the development of human capital.
Answer the following statement true (T) or false (F)
In contrast with perfect competition, a monopolist:
a. may have economic profits in the long run. b. earns zero economic profits in the long run. c. produces where MR > MC, and a perfectly competitively firm produces where P = MC. d. produces more at a lower price.