A shift in the supply curve of bicycles that results from higher steel prices will lead to
A、higher prices
B、lower prices
C、a shift of the demand curve
D、larger output
A、higher prices
B、lower prices
C、a shift of the demand curve
D、larger output
A、two
B、three
C、four
D、five
A、a. loss in a market to buyers and sellers that is not offset by an increase in government revenue.
B、b. loss in revenue to the government when buyers choose to buy less of the product because of the tax.
C、c. loss of equity in a market due to government intervention.
D、d. loss of total revenue to business firms due to the price wedge caused by the tax.
B.success
C.successfully
D.succeed
A、total cost divided by total output.
B、the change in total cost associated with an additional unit of output.
C、the change in average cost.
D、the slope of the average cost curve.
A、Marginal cost
B、Average variable cost
C、Average total cost
D、Marginal revenue
A、the economist is only interested in marginal cost and marginal revenue.
B、the economist includes the opportunity cost of owner-supplied inputs in total cost.
C、accountants cannot maximize.
D、economists cannot add or subtract correctly.
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