The MU of computers is initially larger than the MC of producing them in a free market. We may expect output of computers to
a. fall, MC to rise, and MU to rise.
b. rise, MC to fall, and MU to fall.
c. rise, MC to rise, and MU to fall.
d. fall, MC to fall, and MU to rise.
c
Economics
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Refer to Figure 6-36. If the government places a $2 tax in the market, the buyer pays $4.
a. true
b. false
Economics
The short-run aggregate supply curve is likely to shift to the left when there is an increase in
A) the cost of productive resources B) productivity C) the money supply D) the federal budget deficit E) imports
Economics
Which of the following would an economist classify as capital?
A. 100 shares of Microsoft stock. B. $50 bill. C. credit card. D. lawyer's personal computer.
Economics
The consumption possibilities curve is the
A) supply curve. B) demand curve. C) budget constraint. D) indifference curve.
Economics