Which of the following statements is (are) true? i. as market prices increase, industry output rises because individual firms have upward-sloping marginal cost curves. ii. as market prices increase, industry output rises because high-cost producers enter the industry. iii. as market prices increase, industry output rises because individual firms have upward-sloping short-run supply curves.

Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.

John has been working as a tutor for $300 a semester. when the university raises the price it pays tutors to $400, jasmine enters the market and begins tutoring as well. how much does producer surplus rise as a result of this price increase?