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.
A
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Saving and borrowing is indicative of a family that
a. is most likely to be poor. b. has a difficult time balancing its standard of living. c. does not adjust its standard of living to reflect transitory changes in income. d. is most likely millionaires.
Refer to Figure 17.3. Assume X units of plants and equipment wear out each year. What will happen to the PPC in the future if the economy currently produces at point U?
A. It will shift outward. B. It will shift inward. C. It will stay the same. D. This cannot be determined with the information given.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30
Wilbur's Widgets, a widget company, produces 100 widgets. Its average fixed cost is $6 and its total variable cost is $400. The total cost of producing 100 widgets is
A. $306. B. $400. C. $600. D. $1,000.