A change in the price of important inputs will change the quantity supplied but will not shift the supply curve
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In the above figure, if the price is $12 per unit, how many units will a profit maximizing perfectly competitive firm produce?
A) 0 B) 20 C) 30 D) 35
Economics
Russia borrowed funds from the International Monetary Fund in 1989 in exchange for agreeing to undertake certain changes. However, after receiving the funds, Russia spent the funds on other things, making the loan repayment more unlikely to occur. This situation is referred to as
A. moral hazard. B. adverse selection. C. deceptive knowledge. D. asymmetric information.
Economics