_________ is the added cost to produce one more unit of output.
A. Average cost
B. Marginal product
C. Marginal cost
D. Marginal revenue
Answer: C
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The United States' economy would be operating at full employment with labor unemployment rate of ___ percent and a capacity utilization rate of _____ percent.
A. 5; 95 B. 5; 85 C. 10; 95 D. 10; 85
According to the Application, recent reforms in Cuba have relied less on the free market in determining prices in the housing market
Indicate whether the statement is true or false
The supply of loanable funds is not
A. upward sloping. B. affected by people’s plans for fixed purchases. C. a function of the interest rate. D. the MRP of investment.
The theory that the wealthy should contribute more to police protection than the poor because they have more to protect is based on
a. the ability-to-pay principle. b. a consumption tax plan. c. the benefits principle. d. property tax assessments.