02 May Question: Question 31 0.4 pts If the owner of Kuji’s Treats finds that, in the long run, he can trade one t…
Question 31 0.4 pts If the owner of Kuji’s Treats finds that, in the long run, he can trade one type of input for another, the price elasticity of supply is O unitary elastic. O perfectly elastic. O relatively elastic. O relatively inelastic. O perfectly inelastic. Question 32 0.4 pts When supply shifts to the right and demand stays constant, the equilibrium stays the same; increases O decreases; increases decreases; decreases O increases; decreases increases: increases Question 33 0.4 pts Marginal decisions are said to be made on the consideration. unit(s) under O additional total O average of sum of O previous
Question 34 0.4 pts Hassan enjoys lifting weights in his spare time, but his gain in strength has come to a plateau. He is considering giving up weight lifting altogether, unless he experiences significant gains in the near future. Hassan is seeking incentive. neutral O positive O negative O reasonable O power Question 35 0.4 pts Decisions by individuals and firms are the domain of macroeconomics median economics. microeconomics choice economics. consumption economics.
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