Higher input prices in large firms might lead to:

A. horizontal marginal cost curves.
B. downward-sloping marginal cost curves.
C. downward-sloping long-run average cost curves.
D. upward-sloping long-run average cost curves.


Answer: D

Economics

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Answer the following statement true (T) or false (F)

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Neoclassical economists believe that government policy should focus on creating a market-oriented environment that rewards________________.

a. importing b. exporting c. innovation d. production

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How much is the tax?


A. 10 cents
B. 20 cents
C. 30 cents
D. 40 cents

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Recessions in the U.S. economy show up in economic data as periods of

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