Which of the following comparisons of Q1 and Q2 is accurate?
a. Q1 is 5 percent more than Q2.
b. Q1 is equal to Q2 despite a 5 percent decrease in price.
c. Q1 is equal to Q2 despite a 5 percent increase in price.
d. Q1 is 5 percent less than Q2.
a. Q1 is 5 percent more than Q2.
You might also like to view...
If the real interest rate is below the equilibrium real interest rate
A) lenders will be unable to find borrowers willing to borrow all of the available funds and the real interest rate will fall. B) borrowers will be unable to borrow all of the funds they want to borrow and the real interest rate will rise. C) lenders will be unable to find borrowers willing to borrow all of the available funds and the real interest rate will rise. D) borrowers will be unable to borrow all of the funds they want to borrow and the real interest rate will fall.
The slope of a consumer’s indifference curve between two commodities represents
A. her marginal rate of substitution between the commodities. B. the relative prices of the goods. C. her marginal revenue from selling the commodities. D. her marginal revenue product from consuming the commodities.
In Problem 15, under what conditions would GM stop producing the Chevy Volt and exit the market for electric cars. Explain your answer
What will be an ideal response?
In the long-run equilibrium of a market with free entry and exit, marginal firms are operating
a. at the point where average variable cost equals marginal cost. b. at the minimum point on their marginal cost curves. c. at their efficient scale. d. where accounting profit is zero.