A fishing boat owner sells her entire catch of 20,000 fish and maximizes profit that is equal to $7,000 . Suppose fish prices increase and you are asked to calculate her profit knowing that she now sells 30,000 fish. If fish prices increased by $3 per fish, what can you say about her new profit level?

A decrease in ________ tends to decrease ________ and therefore decrease ________

A) cost; price; supply B) cost; demand; price C) demand; price; cost D) supply; cost; price

Skill-biased technical change is:

A. economic growth that derives from, and therefore benefits disproportionally, the highly-skilled, highly educated workers in a society. B. the changing makeup of workforces in countries with large amounts of technology. C. the change in technology that has caused many jobs to shift away from the service sector to the technology sector. D. None of these is true.