A fall in the price of domestic resources will shift the aggregate:
A. demand curve leftward.
B. supply curve leftward.
C. supply curve rightward.
D. demand curve rightward.
Answer: C
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Refer to the scenario above. Which of the following is true, if the individual is optimizing in levels?
A) An optimizer will rent the hotel room for three days, if the net benefit of staying for the third day is negative. B) An optimizer will rent the hotel room for three days, if the cost of staying for two days exceeds the cost of staying for three days. C) An optimizer will rent the hotel room for three days, if the net benefit of staying for three days exceeds the net benefit of staying for two days. D) An optimizer will rent the hotel for three days, if the total benefit of staying for three days exceeds the total benefits of staying for two days.
If marginal cost exceeds average variable cost,
a. average variable cost is negative b. average variable cost is increasing c. marginal cost is greater than average total cost d. average variable cost is decreasing e. average fixed cost is increasing
The relative prices of the products that use natural resources intensively will decrease over time with the decrease in the availability of the natural resources.
Answer the following statement true (T) or false (F)
The dominant strategy in the advertising dilemma is to advertise even if it reduces industry profits.
Answer the following statement true (T) or false (F)