Multiple Choice
Currently tire producers must receive a price of $50 per tire to produce 5000 tires. If the supply curve of tires is upward sloping, then to produce one additional tire, tire producers will need to receive a price of
A) $50.
B) less than $50.
C) more than $50.
D) $0.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q87: The marginal social benefit curve for a
Q88: The marginal cost curve<br>A) shows the maximum
Q89: Which of the following is TRUE?<br>A) When
Q90: It is efficient to produce an additional
Q91: When allocating resources using market price<br>A) everyone
Q93: For many years short wave radios were
Q94: A competitive market is always efficient.
Q95: If the quantity of corn is such
Q96: As long as production is such that
Q97: Consumer surplus is the _ summed over