Which of the following would shift the production function upward? an increase in the price of oil an improvement in technology a decrease in the supply of labor a decline in the birth rate

Suppose that two identical firms produce widgets and that they are the only firms in the market. Their costs are given by C1 = 60Q1 and C2 = 60Q2, where Q1 is the output of Firm 1 and Q2 the output of Firm 2.

A rather large city has only one fire station, two fire trucks, and four firefighters. Is fire protection in this city characterized by rivalry in consumption?

If a nation merges its currency with another nation to create a single currency, what must it give up?

An excess materials requisition is a control that signals that a greater than standard quantity of materials is being ordered from the vendor. True / False.

Jarrod has gotten a job as a cashier at a retail store. He notices the fitting rooms are messy, so he cleans them and puts the clothes away when he is not busy.

Write a persuasive answer to the question: should the minimum wage be raised? support your answers with details from the wall street journal articles, and chapters 9 and 10 of economics: principles in action, or any other activity from unit 3.

You want to restrict data entry to whole numbers greater than 100. what do you create to enforce this data-entry restriction

Suppose that the inverse demand equation is p = 100 minus 2Q and the supply equation is p = 2Q. If the price is controlled at $60 , this is a price floor.

Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department.

On October 1, Sam's Painting Service borrows $150,000 from National Bank on a 3-month, $150,000, 4% note.