Supply Schedule
What will be an ideal response?
A table that shows the relationship between the price of a good and the quantity supplied.
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Bargain airline fares in which airlines charge varying rates to passengers for the same flight and service is an example of
A. market penetration. B. transaction pricing. C. collusion. D. price discrimination.
The opportunity cost of increased production of some good can be measured with
a. the slope of a ray to the production possibilities curve. b. the area under the curve of a production possibilities curve. c. the area of the rectangle bounded by the axes and the point on the production possibilities curve. d. the slope of the production possibilities curve. e. All of the above are correct.
If performance evaluation of work is used to change wages, raises, bonuses, or dismissals, then the system is designed to:
A. determine rewards and sanctions for the employee. B. provide the employee with a system of self-assessment. C. reduce risk-taking on the part of the employee. D. indicate when training is required.
Which of the following will reduce the supply of motorcycles?
A. An increase in the population age 16 to 35, the primary consumers of motorcycles. B. An increase in taxes imposed on motorcycle producers. C. A technological improvement reducing the production costs of motorcycles. D. A government study that reveals motorcycle riders, on average, live 10 years longer than those who don't ride motorcycles.