Positive economics deals with

a. theories about improving people's self-esteem
b. practical ways of improving people's self-esteem by making money
c. opinions that affirm economists' theories
d. statements about the way things ought to be
e. statements of fact


E

Economics

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In the production function Y = A(G,P,T) F(K,R,H,N), the factors that affect the entire production process are

A) G,R,H. B) G,P,T. C) P,T,K. D) KRHN.

Economics

Suppose a monopolist's demand curve is P = 60 - Q, and its cost function is C = 10Q + 50 so its marginal cost is 10. If a governmental agency wished to set the price that maximized social welfare, that price would be

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Economics

If the Fed increases the money supply, then _____

Fill in the blank(s) with the appropriate word(s).

Economics