A per-unit government subsidy to producers of a good tends to
A) reduce the supply of the good.
B) increase the supply of the good.
C) shift the supply curve to the left.
D) not have any effect on the good's supply.
B
Economics
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It is possible to have a comparative advantage in producing a good or service without having an absolute advantage
Indicate whether the statement is true or false
Economics
Diminishing marginal product suggests that
a. additional units of output become less costly as more output is produced. b. marginal cost is upward sloping. c. the firm is at full capacity. d. adding additional workers will lower total cost.
Economics