Rent controls have the effect of keeping prices under control and maintaining an adequate supply of affordable housing for lower income people
Indicate whether the statement is true or false
FALSE
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Refer to the table above. Which is the optimum location for the firm to set up its factory?
A) Far B) Close C) Very Far D) Very Close
Green Duck Airways is considering adding a new flight between Portland and Seattle. Revenue from the flight is expected to be $8,000. The total cost of the flight is $9,500, and the variable cost is $4,000. Should the airline add this flight?
A. No, because the revenue of $8,000 is less than the cost of $9,500. B. No, the addition to profit is too small to devote the aircraft to the flight. C. Yes, profit increases by $4,000. D. Yes, profit increases by $2,500.
At the equilibrium price, deadweight loss is:
a. minimized. b. zero. c. maximized. d. equal to the equilibrium price multiplied by the quantity exchanged.
Other things being equal, a decrease in the workplace amenities, such as decreased health care and less generous vacation options, would tend to shift the labor supply curve to the ____, thereby causing the market wages to ____
a. right; fall b. right; increase c. left; fall d. left; rise