Assume the technology for producing personal computers improves and, at the same time, individuals discover new uses for personal computers so that there is greater utilization of personal computers. Which of the following will happen to equilibrium price and equilibrium quantity?
A) Price will increase; quantity cannot be determined.
B) Price will decrease; quantity cannot be determined.
C) Quantity will increase; price cannot be determined.
D) Quantity will decrease; price cannot be determined.
C
Economics
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Refer to row 4 in the table. The number appropriate for space Z is:
Answer the question on the basis of the following table for a commercial bank or thrift:
A. $10,000.
B. $70,000.
C. $48,000.
D. zero.
Economics
Short run average expenditure curves are tangent at their lowest point to the long run average cost curve.
Answer the following statement true (T) or false (F)
Economics