Suppose demand increases and supply increases. Which of the following will happen?
a. equilibrium price will increase
b. equilibrium price will decrease
c. equilibrium quantity will increase
d. equilibrium quantity will decrease
e. neither the equilibrium price nor the equilibrium quantity will change
C
Economics
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Using the table above, for which of the following levels of employment does the average product of labor exceed the marginal product of labor at Decent Donuts?
A) ten workers B) seven workers C) both of the above D) neither of the above
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In the above figure of a monopolistically competitive firm, the area of economic profit is
A) ADB. B) ABC. C) P2AD P4. D) P2FEP5.
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