Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. Last year at a price of $4 per unit, you would have purchased 30 units. What is most likely to have happened over the last year?
a. Demand has increased
b. Demand has decreased
c. Supply has increased
d. Supply has decreased
e. Quantity supplied has decreased
b
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Making optimal decisions "at the margin" requires
A) making consistently irrational decisions. B) weighing the costs and benefits of a decision before deciding if it should be pursued. C) making decisions according to one's whims and fancies. D) making borderline decisions.
Some of a firm's workers are made worse off by the introduction of a union
a. True b. False Indicate whether the statement is true or false
Leaders that use group ideas to make decisions
a. autocratic b. laissez-faire c. democratic d. trait
Which of the following is considered investment?
A. Sherri purchases a new van for commuting to and from work. B. Jackson purchases a new car to replace an old car in his food delivery business. C. Johnny buys a new car for his wife as an anniversary gift. D. Jane purchases a new truck for commuting to and from school.