Refer to the above figure for a particular good. The rightward shift of the curve could have been caused by
A) a decrease in the price of an input.
B) a decrease in the price of that good.
C) an increase in the price of a complementary good.
D) an increase in the price of a substitute good.
D
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Harry spent $39,000 in 2009 and $42,000 in 2014 on goods and services. The consumer price index was 220 for 2009 and 231 for 2014 . Harry's 2009 spending in 2014 dollars is about
a. $43,290. b. $37,143. c. $40,950. d. $40,857.
Which legal claim has a fixed annual coupon payment?
A) common stock B) preferred stock C) bond D) reinvestment
A depreciation of the dollar causes
A. an increase in U.S. imports. B. an increase in the prices of U.S. exports. C. a decrease in U.S. exports. D. an increase in the prices of U.S. imports.
The sole proprietor of the Milwaukee Machine Company receives all accounting profits earned by her firm and a $28,000-a-year salary. She has a standing salary offer of $35,000 a year working for a large corporation. If she had invested her capital outside her own company, she estimates that would have returned $22,000 this year. If accounting profits for the year were $50,000, economic profits were:
A. $0 B. -$7,000 C. $21,000 D. $50,000