In the above figure, curve D slopes downward because
A) average fixed costs decrease as output increases.
B) all costs decrease as output increases.
C) there are diminishing returns.
D) there are decreasing marginal costs.
A
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An increase in taxes will increase total planned expenditures for goods and services
Indicate whether the statement is true or false
What are the implications for a successful agricultural development strategy of the finding that women perform 60 to 90% of all work in the traditional rural areas?
What will be an ideal response?
The economic systems of the former Soviet Union, the People's Republic of China, and Cuba are best classified as:
a. traditional economies. b. command economies. c. market economies. d. decentralized economies.
This prisoner's dilemma game shows the payoffs associated with two firms, A and B, in an oligopoly and their choices to either collude with one another or not.
Given the situation in the matrix shown, we can predict that Firm A's profits will be:
A. $100 million. B. $200 million. C. $300 million. D. $50 million.