If Profit Per Unit Equals (Price − Cost Per Unit)

question 85

Multiple Choice

If profit per unit equals (price − cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have

• A)a basic "U" shape.
• B)a negative slope.
• C)a positive slope.
• D)All of these responses are correct.

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Definitions:

Wealth

An abundance of valuable material possessions or resources; the total of all assets owned by an individual or organization minus liabilities.

Saving

The act of preserving financial resources for future use, often through mechanisms like bank accounts, investments, or pension plans.

Compensating Differential

A difference in wages that arises to offset the desirability or undesirability of a job due to its characteristics.

Alaskan Fishermen

Individuals or groups involved in the fishing industry in Alaska, often dealing with challenges such as overfishing, environmental changes, and regulatory issues.