A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris paribus
Indicate whether the statement is true or false
TRUE
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A monopolist will choose to increase output when
a. market price increases. b. at all levels of output, marginal cost increases. c. at the present level of output, marginal revenue exceeds marginal cost. d. the demand curve shifts to the left.
Product Director: We need to pick the best manager for the Prensabi software project. The project involves the latest technology and is very complicated. For example, this project uses a technology called Stage, which is a motion-capture technique that does not require actors to wear specialized gear to record their movements. Since this is a technical project that requires strong technical skills, we should pick the manager with the strongest technical skills. Executive: The manager needs some familiarity with the technology, but he or she won't actually be writing the software code. The bigger challenge here is to analyze the goals of the project and make sure that it is being developed according to a strong overall vision.
a. That's why we should insist that the manager has outstanding conceptual skills. Which of the following, if true, weakens the product director's argument? b. The project manager with the weakest technical skills also has the weakest human skills c. The Prensabi project is so large that the project manager for the Prensab project will be unable to take on any other projects until the Prensabi project is inished. d. The requirements of the Prensabi project are highly unusual. e. The project manager with the strongest technical skills has no experience with The project manager with the strongest conceptual skills has the weakest technical skills.
Which of the following is a bank asset?
A. demand deposits B. savings account deposits C. certificates of deposit held by the public D. loans made to customers
When the production possibilities curve shifts outward,
A. the long-run aggregate supply curve shifts to the right. B. the price level rises in the long run. C. the long-run aggregate supply curve is unchanged. D. the long-run aggregate supply curve shifts to the left.