How would a $10 increase in an avoidable per-unit fixed cost effect a price-taking firm's supply curve?
A. MC would increase by $10, and AC would not change.
B. AC would increase by $10, and MC would not change.
C. MC and AC would both decrease by $10.
D. MC and AC would both increase by $10.
B. AC would increase by $10, and MC would not change.
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Consider the following products. Which of them has the flattest demand curve?
A) insulin B) alcohol C) cigarettes D) butter
A problem with the income security program category for federal government outlays is that it excludes unemployment compensation
a. True b. False Indicate whether the statement is true or false
If the Herfindahl index for automobiles take foreign competition into account, the Herfindahl index for the U.S. automobile industry would be significantly higher
a. True b. False Indicate whether the statement is true or false
Increased productivity of workers in manufacturing has
a. increased employment in manufacturing. b. increased employment in agriculture. c. decreased employment in agriculture. d. decreased employment in services. e. increased employment in services.