Suppose the refrigerator repairman charges you for two hours of labor even though he could have fixed it in ten minutes. This is an example of

The figure above shows the supply curve for soda. The market price is $1.00 per soda. The producer surplus from the 20,000th soda is

A) $0.00. B) $0.50. C) $1.00. D) more than $1.00. E) None of the above answers is correct.

An increase in the price level will: a. increase the quantity of RGDP supplied, but not increase short-run aggregate supply. b. decrease the quantity of RGDP supplied, but not decrease short-run aggregate supply. c. increase short-run aggregate supply

d. decrease short-run aggregate supply.