A straight line tangent to a curved line at a point
a. crosses the curved line at that point
b. crosses the curved line at many points
c. has the same slope as the curved line at that point
d. is steeper than the curve at all other points
e. has a smaller slope than all other points on the curve
C
You might also like to view...
Assume that for a particular firm's output price = $80, marginal cost = $30, average total cost = $25. Based on this information, the firm's Lerner Index is equal to:
A) 0.313. B) 0.375. C) 0.6. D) 0.625.
Persuasive advertising is used to
A) induce a consumer to try a product and discover a previously unknown taste for it. B) promote only used goods. C) sell to an established clientele. D) cut costs.
A game involving two players with two possible strategies is a prisoner's dilemma if each player has a dominant strategy and:
A. each player's payoff is higher when both play their dominant strategy than when both play their dominated strategy. B. there is a Nash equilibrium that yields the highest payoff for both players. C. each player's payoff is higher when both play their dominated strategy than when both play their dominant strategy. D. neither player plays their dominant strategy.
A change in the full-employment quantity of labor... the short-run aggregate supply curve and... the long-run aggregate supply curve
What will be an ideal response?