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Economics
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17 Feb 2018

If the price of an input rises, producers are willing to produce


A. More output at each given price of the product.

B. Less output at each given price of the product.

C. The Same output at each given price of the product.

D. None of the statements associated with this qustion are correct.

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Related questions

Aggregate demand is the total quantity of output

A) Demanded if the economy is in equilibrium.

B) Demanded at alternative price levels in a given time period.

C) Producers are willing and able to supply at alternative price levels.

D) Consumers actually buy. 

Which of the following statements is correct regarding profit-maximizing firms in the long run?

A. In perfect competition, firms produce an output at which price is less than marginal cost

B. In perfect competition, firms produce an output at which price is greater than marginal cost

C. In monopolistic competition, firms produce less than the output at which average total cost is minimized

D. In monopolistic competition, firms produce more than the output at which average total cost is minimized

A firm's supply curve is upsloping because:

A. consumers envision a positive relationship between price and quality.

B. the expansion of production necessitates the use of qualitatively inferior inputs.

C. mass production economies are associated with larger levels of output.

D. producers are incentivized to produce more output due to higher revenue potential.

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