If firms and workers could predict the future price level exactly, the short-run aggregate supply curve would be
A) downward sloping. B) horizontal.
C) upward sloping. D) vertical.
Question 2
Book publishers often use a cost-plus pricing strategy. One reason for this is
A) bookstores, not publishers, ultimately determine how many books will be produced.
B) much of the cost of publishing textbooks is difficult to assign to any particular book.
C) publishers do not want to incur the expense of determining the profit-maximizing strategy. They prefer cost-plus pricing because of its lower cost.
D) most publishers do not hire economists who can determine the number of books they must sell to equate marginal cost and marginal revenue.
An Oil-dependent World— Supply and Demand Driven
Level II HCPCs Codes Cont.
Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Oil supply and prices affect the economies of nations
Price of Computers, 1982–2010
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011