Recall the Application about the manufacture of fake killer whales used to scare sea lions off the Washington coast to answer the following question(s).Recall the Application. What is the indivisible input and what are its implications for economies or diseconomies of scale?
What will be an ideal response?
The mold used to produce each fake killer whale is the indivisible input and it implies the firm will, at least for some increases in output, face economies of scale.
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Assume that the demand curve for oranges is downward-sloping and the supply curve for oranges is upward-sloping. If the government imposes an excise tax of 10¢ per orange, then the total price (including the tax) that demanders must pay for an orange
a. remains unchanged. b. rises by less than 10¢ per orange. c. rises by exactly 10¢ per orange. d. rises by more than 10¢ per orange.
When the government has a surplus, as occurred in the late 1990s, the ________ curve of bonds shifts to the ________, everything else held constant
A) supply; right B) supply; left C) demand; right D) demand; left
The workfare requirement program was popular not only among taxpayers but also among welfare recipients
Indicate whether the statement is true or false
What measures would likely lower infant mortality rates in the United States?
a. Prenatal care programs in low-income neighborhoods. b. Reduced drug use among expectant mothers. c. Better nutrition. d. Delaying childbearing beyond the teen-age years. e. All of the above.