Which of the following will cause a shift in the demand curve for hoverboards?
A. a change in taste or preference
B. a change in income
C. a change in wealth
D. all of the above
Answer: D
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From the information in the above table, calculate the marginal factor cost of the third worker
A) $24.00 B) $36.00 C) $18.00 D) $12.00
When a government has a budget deficit, it must issue (sell) government bonds to finance the deficit
Does it matter for the rate of inflation if the government sells the government bonds to the public or sells the government bonds to the central bank? Explain why it does or does not matter.
If marginal costs are rising, average total costs must be rising.
Answer the following statement true (T) or false (F)
Figure 17.1 depicts a firm's marginal revenue product curve. The marginal revenue product curve is negatively sloped because ________ decreases as the firm uses more labor.
A. the hourly wage B. the marginal product of labor C. the product price D. None of these