Author Question: The inflation rate measures the average prices of goods and services in the economy. Indicate ... (Read 86 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
The inflation rate measures the average prices of goods and services in the economy.
 
  Indicate whether the statement is true or false

Question 2

Refer to Table 4-3. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the price of polo shirts increases from 15 to 20
 
  A) producer surplus will rise from 13 to 28.
  B) there will be a surplus of polo shirts.
  C) the marginal cost of producing the third polo shirt will increase to 20.
  D) consumers will buy no polo shirts.



sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

FALSE

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library