List the factors that influence supply. How does a change in each of the factors you have listed affect the supply curve?
What will be an ideal response?
The factors that influence the supply of a good include the price of the good, input prices, technology, prices of related goods, producers' expectations, and the number of sellers. A change in price causes a movement along the supply curve for the good. A change in any of the other determinants of supply would cause the entire supply curve to shift. The direction of the shift depends on the specific change in question.
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Bank ________ is/are listed on the liability side of the bank's balance sheet
A) reserves B) capital C) securities D) cash items
Data from the Bureau of Labor Statistics show that the largest category of consumer spending is housing
a. True b. False Indicate whether the statement is true or false
According to the equation of exchange, if Real GDP is $3 trillion and the money supply is $0.5 trillion, then velocity
A) must be 6. B) must be 1/6. C) must be 4 trillion. D) must be 1/4 trillion. E) cannot be determined without knowing what the price level is.
Consider a competitive industry and a price-taking firm that produces in that industry. The market demand and supply functions are estimated to be: Demand: Qd = 10,000 ? 10,000P + 1.0MSupply: Qs = 80,000 + 10,000P ? 4,000PIwhere Q is quantity, P is the price of the product, M is income, and PI is the input price. The manager of the perfectly competitive firm uses time-series data to obtain the following forecasted values of M and PI for 2015:
= $50,000 and 
I = $20 The manager also estimates the average variable cost function to beAVC = 3.0 ?
0.0027Q + 0.0000009Q2Total fixed costs will be $2,000 in 2015. Average variable cost reaches its minimum value of ________ units of output. A. 2,000 B. 1,500 C. 2,500 D. 1,000