This topic contains a solution. Click here to go to the answer

Author Question: Changes in which of the following shifts the supply curve of hamburgers? A) a rise in the price ... (Read 86 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
Changes in which of the following shifts the supply curve of hamburgers?
 
  A) a rise in the price of soda, a complement for hamburgers
  B) new research that establishes a link between hamburgers and heart problems
  C) an increase in the price of meat used to produce hamburgers
  D) an economy-wide decrease in income because of a long recession

Question 2

If business firms do not have to generate revenues sufficient to cover their sunk costs, does anyone have to pay for mistaken decisions?
 
  A) No, because sunk costs are irrelevant.
  B) No, because the past cannot be undone.
  C) Only if they value their integrity or credit standing.
  D) The entire economy ends up paying.
  E) Yes. The people who committed resources to mistaken decisions pay the costs.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

C

Answer to Question 2

E




piesebel

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Excellent


olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

For a complete list of videos, visit our video library