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Author Question: The nation's supply of productive resources increases if A) investment is greater than ... (Read 54 times)

mspears3

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on: Jun 29, 2018
The nation's supply of productive resources increases if
 
  A) investment is greater than depreciation.
  B) investment equals depreciation.
  C) investment is less than depreciation.
  D) Both answers A and B can be correct.
  E) None of the above answers is correct because the relationship between investment and depreciation has no bearing on the amount of the nation's productive resources.

Question 2

The equilibrium price of a good sold in a competitive market is 10. If an individual firm decides to sell its product at a price higher than 10, ________.
 
  A) the firm's profits will increase
  B) the firm's revenue will increase
  C) the firm will lose all its consumers
  D) the firm's cost of production will decrease


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karmakat49

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


mspears3

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sultana.d

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  • Posts: 320
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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