Author Question: Entrepreneurs do all of the following EXCEPT A) organize labor, land, and capital. B) come up ... (Read 90 times)

magmichele12 · **on:** Jun 29, 2018

Entrepreneurs do all of the following EXCEPT

A) organize labor, land, and capital.
B) come up with new ideas about what and how to produce.
C) bear risk from business decisions.
D) own all the other resources used in the production process.

Question 2

In the above figure, the economy is at point A. Then the price level falls to 90 while the money wage rate does not change. Firms will be willing to supply output equal to

A) less than 16.0 trillion.
B) 16.0 trillion.
C) more than 16.0 trillion.
D) Without more information, it is impossible to determine which of the above answers is correct.