« previous next »

Author Question: The inflation rate measures the average prices of goods and services in the economy. Indicate ... (Read 82 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

North America and the Global Economy North America and the Global Economy
Population growth and growth rate, 1950 - 2100 Population growth and growth rate, 1950 - 2100
Fertility, Mortality, and the Net Rate of Reproduction in Sweden Fertility, Mortality, and the Net Rate of Reproduction in Sweden
Outgroup role in relative rate test Outgroup role in relative rate test
The temperature of an average lightning bolt is 3.0 x 104 °C. What is the equiva The temperature of an average lightning bolt is 3.0 x 104 °C. What is the equiva
Video: Attention Deficit Disorder (ADD)

For a complete list of videos, visit our video library