Which of the following is true if the total variable cost curve is increasing at an increasing rate?
A. Average fixed cost is increasing.
B. Marginal cost is decreasing.
C. Marginal cost is increasing.
D. Average fixed cost is constant.
Answer: C
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The more difficult it is for a firm to adjust its labor force in the face of economic fluctuation, the more likely the firm is to hire new workers
a. True b. False Indicate whether the statement is true or false
Which of the following events must result in a lower price in the market for Snickers?
a. Demand for Snickers increases, and supply of Snickers decreases. b. Demand for Snickers and supply of Snickers both decrease. c. Demand for Snickers decreases, and supply of Snickers increases. d. Demand for Snickers and supply of Snickers both increase
Kathleen is considering expanding her dress shop. If interest rates rise she is
a. less likely to expand. This illustrates why the supply of loanable funds slopes downward. b. more likely to expand. This illustrates why the supply of loanable funds slopes upward. c. less likely to expand. This illustrates why the demand for loanable funds slopes downward. d. more likely to expand. This illustrates why the demand for loanable funds slopes upward.
An increase in the nation's wealth, all other factors constant, would cause the:
A. bond supply curve to shift left. B. bond demand curve to shift right. C. bond supply curve to shift right. D. bond demand curve to shift left.