Refer to Figure 4.5. If all 10 students choose Dash, each student will earn ________ extra points

In the short run, if a firm shuts down it avoids its variable cost but not its fixed cost

Indicate whether the statement is true or false

Which of the following could cause a long-run shift in demand as part of the "guiding function of price"?

A) a change in tastes and preferences B) an increase in price caused by a shift in supply C) income shift caused by an economic recession D) an increase in number of buyers