If taxes
a. increase, then consumption increases, and aggregate demand shifts leftward.
b. increase, then consumption decreases, and aggregate demand shifts rightward.
c. decrease, then consumption increases, and aggregate demand shifts rightward.
d. decrease, then consumption decreases, and aggregate demand shifts leftward.
c
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Why are music, television, and movie companies concerned about their products being posted to Internet Web sites such as YouTube?
What will be an ideal response?
Which of the following are likely to be studied in a microeconomics course?
a. choices made by individual consumers b. the causes of inflation c. how the economy's total output is measured d. how an increase in government spending affects the level of unemployment
?The Hound Dog Bus Company contemplates expanding its New Mexico operations by offering services from Raton to Santa Fe. It has estimated that the total cost of the trip will be $400, of which $150 is the fixed cost, which it has already paid. The company expects an increase in revenue by $275 from the trip. The Hound Dog Bus Co. should:
a. ?offer this service because it will earn a positive economic profit. b. ?not offer this service because marginal revenue is less than marginal cost. c. ?not offer this service because total cost exceeds total revenue. d. ?offer this service because the additional revenue exceeds the additional cost of this service. e. ?offer this service because total revenue exceeds fixed cost.
Refer to the table. Equilibrium GDP is:
A. $40.
B. $70.
C. $100.
D. $130.