Demand in the refreshment beverage market has been changing due to
A) changes in income.
B) changes in taxes and subsidies.
C) changes in the number of buyers.
D) changes in tastes and preferences.
D
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Which of the following transactions takes place in factor markets?
A) Henry receives a commission from his employer for selling a new automobile. B) Jake purchases 1,000 shares of stock in the Wal-Mart Corporation through his online trading account. C) Sam enters the winning bid on a grand piano at a local auction. D) Justin receives $30 in exchange for mowing his neighbor's lawn. E) Lucille receives a $500 check from the U.S. Social Security Administration.
A firm that is seeking to minimize costs to produce a certain output
A. has a fixed budget B. has a large budget C. wants to use the smallest possible budget possible D. wants to use the same budget as that used last year
An increase in net working capital required at the beginning of an expansion project must be considered to be
A) a cash inflow. B) a reallocation of assets. C) a cash outflow. D) None of the above
Pa and Pb represent the prices that citizens (a) and (b), the only two people in this nation, are willing to pay for additional units of a quantity (Qc) of the public good. Qs represents the quantity of the public good supplied by government at each of the collective prices.QcPaPbQs1$4$552344324342325121Refer to the above information. In equilibrium, the marginal benefit and marginal cost of the public good will be:
A. $5. B. $3. C. $7. D. $6.