A possible result of disequilibrium is
  • D. Lunch on the Go
  • C. a price ceiling.
  • A. efficient
  • A. excess demand.
Which statement best explains the role of producers in economics?
  • B. The marginal cost will most likely increase to $2.00
  • A. efficient
  • A.Producers supply goods and services.
  • C. product features
Which statements correctly explain price floors and price ceilings? Check all that apply.
  • 3-Price floors help producers by raising prices.4-Price ceilings help consumers by lowering prices.5-Effective price floors are set above equilibrium.6-Effective price ceilings are set below equilibrium.
  • A.Producers supply goods and services.
  • A. The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
  • D. the amount the company receives from the sale of all of its computer parts.
Which food truck has the absolute advantage?
  • C. product features
  • A. excess demand.
  • D. Lunch on the Go
  • A. efficient
According to the graph, the marginal cost begins to increase when the producer makes
  • C. a price ceiling.
  • C. four pies.
  • C. product features
  • A. efficient
If supply for a product is low but demand is high, what most likely needs to happen to achieve equilibrium?
  • D. supply schedule.
  • C. product features
  • C. The supply needs to be raised.
  • D. the amount the company receives from the sale of all of its computer parts.
Motherboards, Inc., manufactures computer parts. The company's total revenue is
  • B. The marginal cost will most likely increase to $2.00
  • A. The marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
  • C. The supply needs to be raised.
  • D. the amount the company receives from the sale of all of its computer parts.
Which quality best describes a producer with an absolute advantage?
  • C. four pies.
  • A. efficient
  • C. product features
  • C. a price ceiling.
Equilibrium occurs when supply and demand coordinate to
  • B. set prices and production.
  • A.Producers supply goods and services.
  • D. Lunch on the Go
  • C. a price ceiling.
Excess supply is created when price or move away from the equilibrium point.
  • A. efficient
  • quantity
  • C. four pies.
  • D. the amount the company receives from the sale of all of its computer parts.
0:0:1



Answered

Not Answered

Not Visited
Correct : 0
Incorrect : 0