You are the owner of an art supply store, selling both paint and paintbrushes. In order to maximize total sales you should
a. Decrease the price on the paint only
b. Decrease the price on paintbrushes only
c. Decrease the price on both the paint and the paintbrushes
d. Increase the price on both the paint and the paintbrushes
c
Economics
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According to your textbook, a scientist of any kind
A) works with some assumptions and biases. B) never confront tradeoffs. C) offer only the best evidence to support his or her theory. D) be the best candidate for the Nobel Prize in Economics.
Economics
Employing a general-equilibrium approach, describe the effect of a new law that prohibits steel imports
What will be an ideal response?
Economics