The market supply curve can be derived by
A) vertically adding the individual supplies at each quantity level.
B) multiplying the price and quantity supplied at each price level.
C) horizontally adding the individual supplies at each price level.
D) looking at the capacity utilization in the largest firms in the industry.
C
You might also like to view...
Which of the following is most likely to be a monopoly?
a. The local fast-food restaurant b. The local electricity distributor c. The local bathroom fixtures shop d. The local television broadcaster
Which of the following best explains why the chained consumer price index generally results in a lower rate of inflation than the regular consumer price index?
a. The chained index is based on a comprehensive bundle of goods and services, while the regular CPI considers only changes in the prices of food and energy. b. The chained index makes allowance each month for shifts away from goods that have become relatively more expensive; the regular CPI does not adjust for this factor. c. The chained consumer price index considers the impact of both rising and falling prices, whereas the regular consumer price index considers only the impact of goods and services with rising prices during the period. d. The chained consumer price index considers only the prices of goods and services purchased by households, whereas the regular CPI also includes the price changes of investment assets such as stocks and real estate.
Stock markets in England were started in the late:
A. Seventeenth century. B. Eighteenth century. C. Sixteenth century. D. Nineteenth century.
are jobs the key to economic progress and the achievement of high income levels?
What will be an ideal response?