Producers Are Willing to Offer Greater Quantities for Sale at Higher

question 55

Multiple Choice

Producers are willing to offer greater quantities for sale at higher prices because

• A) they have the incentive to pay the increasing opportunity cost of resources necessary to attract them from alternative uses
• B) they will decrease their profits by expanding production at higher prices
• C) the government orders them to do so
• D) lower prices attract new firms, which have higher costs of production
• E) they hire superior quality, higher-priced resources as production expands

---

Definitions:

College Graduate

An individual who has successfully completed a degree program at a college or university.

Assisted Living

A residential option for elderly or disabled people who need help with daily tasks but do not require the full-time healthcare provided in a nursing home.

Family as Context

Considering the family's influence on an individual's health, behaviors, and attitudes as an important factor in understanding and treating health issues.

Type 1 Diabetes

A chronic condition in which the pancreas produces little or no insulin.