Asurplus means a(n):
a. situation where the current market price is too low.
b. excess supply of the product at the current price.
c. situation where the quantity supplied is less than the quantity demanded.
d. situation where the quantity demanded exceeds the quantity supplied.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Increases in output and increases in the inflation rate have been linked to