The short-run market supply curve is the ______ of the individual firms’ supply curves in the market.
a. vertical analysis
b. horizontal analysis
c. vertical summation
d. horizontal summation
d. horizontal summation
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The consumption of fixed capital in each year's production is called ________.
A. net investment B. depreciation C. indirect business taxes D. inventory reduction
If the money wage rate does not change, a decrease in the price level will ________ the real wage rate and ________ firms' profit
A) raise; increase B) lower; decrease C) lower; increase D) raise; decrease E) lower; not change
Suppose your college sharply raises tuition rates next year. Other things constant, what is the least likely to occur?
A) The overall demand for courses at your college will fall. B) Your college bookstore will sell fewer textbooks. C) It will be easier to find parking at your college. D) Fewer students will use your college library.
. An employer asking for a list of references from a potential employee is an example of:
A. signaling. B. screening. C. statistical discrimination. D. building a reputation.