Refer to the information. If the per-unit price of raw materials rises from $4 to $8 and all else remains constant, the per-unit cost of production will rise by about:
Answer the question on the basis of the following information. An economy is employing 2
units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640
units. Each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3.
A. 100 percent.
B. 50 percent.
C. 40 percent.
D. 30 percent.
D. 30 percent.
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The quantity supplied of a good or service is the quantity that a producer ________ at a particular price during a given time period
A) is willing to sell B) actually sells C) needs to sell D) should sell
An imperfectly competitive firm has the following demand curve: Q = 100 - 2P. What is marginal revenue equal to when P = 30?
What will be an ideal response?
Which one of the following will shift the consumption function upward?
a. Higher interest rates. b. Expectations that the economy will grow in the future. c. A decrease in money holdings. d. Higher capacity utilization rates. e. A tax increase.
Heuristics economize on the mental capabilities of people
Indicate whether the statement is true or false