Assume the economy begins at the intersection of D0 S0. Suppose the government then instituted strong emission standards. How would this affect the supply curve?

In the study of macroeconomics, production leads to income, and income leads to production in a continuing cycle

Indicate whether the statement is true or false

When choosing the production level for tomorrow you find that at an output of 100 units, the total variable costs are $20,000 and the average fixed cost is only $50 . If the market price is $200, you should:

a. b or e. b. shut down. c. produce more than 100 units. d. produce fewer than 100 units. e. produce where MC = MR.