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Movement along the supply curve is most likely caused by which of the following?Which of the following is true about marginal cost?A Chinese restaurant and a Thai restaurant both sold buffet meals at the single price of $15 per person. When the Thairestaurant reduced their price to $12 per person, the number of dinners sold at the Chinese restaurant decreased from100 to 75.What is the cross-price elasticity for dinners at the two restaurants, using the midpoint formula?Which of the following is NOT a trait of monopolistic competition?Which of the following is an example of a sustainable business practice as it relates to employment?A public good is considered which of the following?Determine which example represents a coincidence indicator.Based on the descriptions below of different jobs Nancy has held, which would qualify as an oligopoly?Which of the following is true about the long run average cost curve?Which of the following corresponds to an increase in income?Which one of the following examples would cause a movement along the demand curve?Which statement below does NOT describe the effect of climate change seen in insurance claim activities?A store devotes more space to bicycles so it now has less space for books.This is an example of what decision-making relationship for the rational firm?Product PriceUnit CostUnits SoldUnits ProducedOpportunity Costs$35.00$5.001001000$750Given the information in the table shown here, the economic profit is which of the following?Which of the following is a trait of a perfectly competitive market?Based on the graph above, should the firm increase, decrease or stay at current levels of production to maximize profit?Joe owns an electrical company that specializes in work on custom homes.Which of the following economic indicators would be most helpful in Joe's line of business for helping him to decidewhether or not to add a permanent employee to payroll? Identify which statement is a characteristic of long-run for a firm.Three employeesTwo employeesOne employeeFour employeesTania would achieve higher marginal utility if she purchased fewersalads.Tania would achieve higher marginal utility by eating something otherthan the fourth salad.Tania's marginal benefit was higher for the first two salads than the thirdand fourth.Tania achieved utility maximization with her purchase of five salads.It is diﬃcult to keep people from polluting the air because it is rivalrousbut not exclusive.