Costs which increase with an increase in output are called
A. changeable costs.
B. variable costs.
C. fixed costs.
D. unchangeable costs.
Answer: B
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Refer to the payoff matrix below. Which of the following is the pure -strategy Nash Equilibrium?
A) Set High Price/Set Low Price
B) Set Low Price/Set High Price
C) Set High Price/Set High Price
D) Set Low Price/Set Low Price
Which of the following would produce a rightward shift in the short-run aggregate supply curve? a. An increase in consumption spending. b. A decrease in investment
c. A decrease in government spending. d. A decrease in net exports. e. None of the above.
Productivity growth is the main cause of rising living standards
a. True b. False Indicate whether the statement is true or false
A technological improvement in the production of good X causes the:
A. demand curve for X to shift to the right. B. demand curve for X to shift to the left. C. supply curve for X to shift to the right. D. supply curve for X to shift to the left.