If a firm is producing an output rate at which marginal cost is greater than price, the firm
A. should reduce its output level.
B. is sustaining economic loss.
C. will not be covering its fixed cost.
D. should increase its output level.
Answer: A
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Which of the following is true?
a. In low-income countries, less than 5 percent of those 15 and older were illiterate in 2007 b. In middle-income countries, 17 percent of those 15 and older were illiterate in 2007 c. In high-income countries, 38 percent of those 15 and older were illiterate in 2007 d. Education bears little relationship to economic development in high income countries e. Education is more important to the economic development of low income countries than it is to high income countries
A technological improvement in producing good A would be a shift in the:
a. supply curve for A to the right. b. supply curve for A to the left. c. demand curve for A to the right. d. demand curve for A to the left.
The United Farm Workers have been unsuccessful for decades in their attempts to organize California's strawberry pickers because the workers
A. Know that replacement workers are readily available. B. Don't understand English. C. Don't care about earning higher wages. D. Are members of a union shop.
the slope of the consumption = the _______ propensity to consume
What will be an ideal response?