Indicate whether each of the following situations would shift the supply curve to the left, to the right, or not at all
a. An increase in the number of firms in the market
b. An increase in the current price of the product
c. A decrease in productivity
d. An increase in the expected future price of a product
e. A decrease in the price of an input
a. Shift to the right
b. No shift
c. Shift to the left
d. Shift to the left
e. Shift to the right
Economics
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Output per worker tends to be higher in countries with
a. low-quality infrastructures b. high-quality infrastructures c. perfectly competitive labor markets d. low taxes e. free riders
Economics
If a firm's average cost is currently $100, and the marginal cost is $95, then the average cost is currently falling
a. True b. False Indicate whether the statement is true or false
Economics