Refer to the above figure. Marginal costs are represented by curve
A. 1.
B. 2.
C. 3.
D. 4.
Answer: A
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A copyright gives the owner all of the following exclusive rights except which one?
A) distribution rights B) adaptation rights C) public performance rights D) trade secret rights
As the price of ballpoint pens increases, the demand for felt-tip pens can be expected to decrease
a. True b. False
The money for Social Security payments to current retirees comes from
A. payroll taxes collected from those retirees when they were working. B. income taxes collected from the current working population. C. payroll taxes collected from the current working population. D. only the interest earned now by the government on the invested Social Security trust fund.
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher