When one individual writes a check to another individual the money supply will not be changed
Indicate whether the statement is true or false
TRUE
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Economists generally assume
A) individuals act strictly in the public interest. B) individuals are never concerned with the interests of other people. C) individuals rarely promote the projects in which they are interested. D) none of the above.
What does the average product of labor equal?
What will be an ideal response?
Which of the following statements is true?
A) The marginal cost curve intersects the average fixed cost curve at its minimum point. B) When marginal cost is greater than average fixed cost, average fixed cost increases. C) Average fixed cost does not change as output increases. D) As output increases, average fixed cost becomes smaller and smaller.
The marginal cost is the cost of ______.
a. inefficiency and waste while producing a good b. taxes levied on the production of a good c. producing all of the units of a good d. producing one more unit of a good.