Which of the following will NOT change the supply of personal computers?
A. An increase in consumers' incomes.
B. A technological breakthrough that makes it much less costly to produce computer chips.
C. A decrease in the wage paid to electrical engineers.
D. None of the choices are correct.
A. An increase in consumers' incomes.
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How can you compute the total utility derived from consuming five hamburgers using marginal utilities?
What will be an ideal response?
An oligopoly will always use game theory to maximize sales rather than profits
a. True b. False Indicate whether the statement is true or false
If the velocity of money is about 1.8 and nominal GDP is $14.4 trillion, what is the money supply?
A. $14.4 trillion B. $8.0 trillion C. $1.8 trillion D. We cannot compute the money supply from the data given.
Government health and safety regulations or anti-discrimination laws can reduce real wages by:
A. increasing worker productivity. B. decreasing the demand for labor. C. reducing employer costs. D. decreasing the supply of labor.