A mandatory seatbelt law ends up raising the number of traffic fatalities if it lowers fatalities per accident from 0.10 to 0.07 while raising the number of accidents per period from 35,000 to any more than
A) 35,000.
B) 38,500.
C) 37,450.
D) 50,000.
D
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An increase in input prices will cause
A) supply to shift rightward, equilibrium price to rise, and equilibrium quantity to fall. B) supply to shift leftward, equilibrium price to rise, and equilibrium quantity to fall. C) supply to shift rightward, equilibrium price to fall, and equilibrium quantity to rise. D) supply to shift leftward, equilibrium price to fall , and equilibrium quantity to rise.
The increase in the availability of organic foods likely:
A. raises equilibrium quantity and price for organic foods. B. lowers equilibrium quantity and raises equilibrium price for organic foods. C. raises equilibrium quantity and lowers equilibrium price for organic foods. D. lowers equilibrium quantity and price for organic foods.
If a company has a cost curve of TC = 300 + 2Q + Q2 and it produces 300 units per day, then its average (total) cost is
A. $1. B. $303. C. $602. D. $300.
Which of the following is an instrument of monetary policy?
A. The budget deficit B. The discount rate C. The mortgage interest rate D. The interest rate on three-month Treasury bills