Which of the following would cause an increase in the demand curve for oranges?
a. a freeze in Florida (a major orange producing state)
b. a new machine that allows orange growers to harvest oranges faster
c. a decrease in the price of apples
d. an announcement by the FDA that oranges lowers cholesterol
d
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In the Keynesian model, a build-up of unwanted inventories leads to
A) rising interest rates. B) falling unemployment. C) falling output. D) falling money wages.
Assume that the Cambridge k = .20. If income is equal to $100,000, the transactions demand for money is equal to
A) $20,000. B) $50,000. C) $100,000. D) $500,000.
A monopolist has total cost TC = .1Q2 - 2Q + 100 and marginal cost MC = .2Q - 2 . Market demand is Q = 86 - P, implying that the firm's marginal revenue is MR = 86 - 2Q. Its profit-maximizing output is
a. 92 b. 46 c. 40 d. 20
Fix-High, a car service chain, immediately needs to raise $16 million to fund the construction of four new service centers. If Fix-High's owners wish to borrow funds without sharing the ownership of the firm, they should: a. liquefy their assets
b. take out a bank loan. c. issue stocks of their firm. d. wait till they make a profit of $16 million.