An automobile manufacturer uses land, labor, capital, and entrepreneurial ability to produce cars and trucks. If the price of trucks increases, the automobile manufacturer would not _____.
a. pay a lower wage rate to labor
b. increase truck production
c. hire more workers
d. increase capital used in production
e. increase land used in production
Question 2
Which of the following is true?
a. Sellers are willing to supply more of a good or service at every price after costs have increased.
b. A fall in the price of a product leads to an increase in the profits earned by sellers.
c. A fall in the cost of production leads to a downward movement along the supply curve of a product.
d. Sellers are willing to supply more of a good or service at every price after costs have decreased.
e. An increase in the price of a product leads to a fall in the profits earned by sellers.
The three stages we go through to develop the ability of taking the role of the other.
How many pounds of yeast must the manufacturer start with to obtain 550 lb at the end of 12 h?
Bt corn has been genetically engineered to produce a protein
Mg can react with HCl to produce the white solid MgCl2 and H2 gas. A student mixes 1.99 g of ...
The large, white flowers of giant saguaro cactus (Carnegiea gigantea) produce sweet nectar. The flow