Which of the following would shift the long-run aggregate supply curve right?
a. both an increase in the capital stock and an increase in the price level
b. an increase in the capital stock, but not an increase in the price level
c. an increase in the money supply, but not an increase in the capital stock
d. neither an increase in the money supply nor an increase in the capital stock
b
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What is the analytically correct way to allocate joint costs or to determine the specific costs of products produced jointly (such as the view and the food from a restaurant with an excellent view)?
A) By comparing marginal costs B) By comparing all costs other than sunk costs C) By subtracting the total costs from the total revenue D) By using the prevailing interest rate to discount the stream of expected future costs and benefits E) There is no analytically correct way to do so.
When quantity demanded decreases at every possible price, the demand curve a. shifts to the left
b. shifts to the right. c. there is a movement along the given demand curve. d. none of the above.