In the above figure, a change in quantity supplied with unchanged supply is represented by a movement from
A) point a to point e.
B) point b to point a.
C) point e to point c.
D) point b to point e.
B
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All of the following are problems associated with commodity money EXCEPT
A) it is a cumbersome form of payments system. B) commodities tend to have little value in and of themselves. C) its value is dependent on its purity. D) costs are incurred in certifying the purity and weight of commodity money.
If at an output of 4,000 units Sloan Company is making an economic profit and marginal profit is $20 per unit, the firm should
a. reduce output to maximize total profit. b. increase output until marginal profit falls to zero. c. do whatever is necessary to increase marginal profit. d. There is not enough information to make a decision.
Six Sigma strive for
a. perfect attendance b. improvements in ethnic quotas c. less environmental impact d. perfection in processes and product
Contractionary monetary policy actions will ________ the price of farm commodities
Fill in the blank(s) with correct word