If Resource Prices Are Fixed and the Selling Price Rises

question 169

Multiple Choice

If resource prices are fixed and the selling price rises, then

• A)profits will decrease.
• B)profits will increase.
• C)profits will remain constant.
• D)both profits and output will decrease.

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Definitions:

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Partial Antagonists

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Curare

A poison used on arrows and darts for hunting and warfare, derived from various South American plants, which causes paralysis by blocking neuromuscular transmission.

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A behavioral therapy technique that involves pairing an unwanted behavior with discomfort to create a negative association.