If the same dairy can produce either whole milk or skim milk, an increase in the profitability of whole milk results in a(n)
a. decrease in the quantity supplied of whole milk
b. increase in the supply of whole milk
c. decrease in the supply of skim milk
d. increase in the supply of skim milk
e. decrease in the quantity supplied of skim milk
C
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Wage discrimination means minority workers are paid unequal wages
a. True b. False Indicate whether the statement is true or false
Abigail wishes to spend more time this week studying for her classes. Using the idea of a production possibilities curve, and assuming Abigail is currently spending all of her time efficiently, Abigail can spend more time studying this week only if
a. she also spends more time doing other things. b. she spends less time doing other things. c. Daylight Savings Time begins this week, so everyone moves their clocks ahead one hour. d. none of the above.