An increase in price will result in an increase in supply.
a. true
b. false
Ans: b. false
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All of the following would increase the growth rate of the economy EXCEPT
A) raising the saving rate. B) stimulating research and development. C) discouraging international trade. D) None of the above answers is correct because they all would increase the growth rate.
What are the limitations in using break-even analysis?
What will be an ideal response?
Enacting a law controlling rents near a major university will increase the affordable housing for college students
a. True b. False Indicate whether the statement is true or false
Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are available only in limited quantities. In long-run equilibrium, market price is determined by
a. the minimum point on the firms' average variable cost curve. b. the minimum point on the firms' average total cost curve. c. the portion of the marginal cost curve below average variable cost. d. a firm's level of sunk costs.