Profit-maximizing industrialists are concerned with both revenues and costs. Transportation and production costs are an important part of total costs. Both are impacted by
(a) location and power sources.
(b) the cost of managing large quantities of productive resources found anywhere along the production chain.
(c) the ability to concentrate or group resources in the same place.
(d) all of the above.
(d)
Economics
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All of the following will shift the short-run aggregate supply (SRAS) curve EXCEPT
A) a change in the price of labor. B) technological progress. C) a change in the price of a needed raw material. D) a change in the price level.
Economics
Of the following, who gains with a tariff?
A) domestic buyers of the good or service B) the importer of the good or service C) the foreign exporter of the good or service D) the government of the importing nation E) the government of the exporting nation
Economics