Using the above table, at a price of $5 there will be a
A) shortage of 20 units.
B) shortage of 10 units.
C) surplus of 20 units.
D) surplus of 10 units.
C
Economics
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Statements that make value judgments are:
A) pecuniary. B) positive. C) nominal. D) normative.
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A production goal may be set too high by upper management because
a. they are unsure about the actual costs of production b. they under-estimate the difficulty of meeting a goal c. division managers over-state the difficulty of meeting the goal d. all of the above
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