How would a $10 increase in an avoidable per-unit fixed cost effect a price-taking firm's supply curve?
A. MC would increase by $10, and AC would not change.
B. AC would increase by $10, and MC would not change.
C. MC and AC would both decrease by $10.
D. MC and AC would both increase by $10.
B. AC would increase by $10, and MC would not change.
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The supply of hydro electric power:
a. can be varied infinitely in the short run. b. remains fixed in the long run. c. decreases with an increase in price in the short run. d. reduces in the future due to continuous consumption today. e. increases with an increase in price in the long run.
What determines eligibility for SNAP?
a. If a person does not earn enough money to buy their desired amount of food b. If a person has young children or if the person is considered a senior c. If 30% of a person’s income does not afford a nutritionally adequate diet d. If 30% of a person’s income does not afford a person’s desired quality and quantity of food