Post a New Question

Social studies

posted by .

Which of the following accurately describes a surplus?

Consumer demand for a certain car is below the number of cars that are produced.

The production costs for a certain car are below the sale price of that car.

A car company tries to charge too high a price for a car and has to reduce the price.

A reduction in the cost of steel enables a car company to reduce the sale price of its cars.

Which of the following occurs when someone buys a third winter coat?

Decreasing marginal utility



Efficient production

All of the following factors affect the level of wages except which of the following?

The law of supply and demand.

Minimum-wage laws.

The actions of labor unions.

The production possibilities frontier.

  • Social studies -

    I'll be glad to comment on your answers.

  • Social studies -

    Decreasing marginal utility

  • Social studies -


Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question