A rightward shift in the aggregate demand curve can be caused by an increase in:
a. the price level.
b. business investment spending.
c. taxes.
d. production costs.
b
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To maximize profit, a firm will produce the level of output where MR = MC. If a firm actually makes a profit depends on the relationship of price to average total cost
What are the three possible relationships between price and average total cost that determine if a firm will make a profit, experience a loss, or break even?
Which of the following will cause the largest reduction in the birthrate?
(a) the population becomes less religious (b) public healthcare improves (c) education becomes more available (d) an increase in the opportunity cost of a woman's time
Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1 . If market demand is given by QD = 1050 ? 50P, how much will the individual firm produce?
a. 3 b. 4 c. 5 d. 6
Personal income minus personal taxes equals disposable personal income
a. True b. False Indicate whether the statement is true or false