Due to lowering its prices to compete with its rivals, increased competition from Airbus, and cuts to military spending, Boeing announced it would ________ the number of persons it employed in 2017 and this would ________ the total number of persons
unemployed in the economy.
A) decrease; increase
B) decrease; decrease
C) increase; decrease
D) increase; increase
Answer: A
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In the absence of government price supports, why is the production of wheat a good example of perfect competition?
What will be an ideal response?
In this graph, why is there a loss?
a. ATC is equal to D at q*.
b. P* is less than ATC at q*.
c. ATC is more than the MR at q*.
d. P* is equal to D at 0.
Intel's chief executive says the company might expand the technology it is using in its planned $2.5 billion chip-manufacturing factory in China if the U.S. government allows it, underscoring the technology giant's ambitions in the world's fourth-biggest economy. The Intel executive is making a
A. Short-run decision, and therefore a decision about how much to produce. B. Decision that would definitely increase costs. C. Long-run decision, and therefore an investment decision. D. Decision that would cause ATC to increase.
As an In-N-Out Burger restaurant increases the number of employees for a specific restaurant,
A. The production function will increase. B. Costs of production will fall. C. Efficiency will suffer as the restaurant becomes too crowded with employees. D. Total production of hamburgers will fall.