The average cost curve for a natural monopoly is downward sloping where it intersects the market demand curve
a. True
b. False
A
Economics
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What is the value of the MPC if $66 out of every $100 increase in disposable income is consumed?
A) $34 B) 0.34 C) 0.66 D) $166 E) More information is needed to determine the MPC.
Economics
The break-up of slave families was most often due to:
a. the sale of fathers. b. the sale of mothers. c. the sale of children. d. divorce.
Economics
Creative destruction is the idea of:
a. Schumpeter b. Hayek c. Marx d. Samuelson e. None of the above
Economics
When GDP is measured in "current prices" it is known as the:
A. real GDP. B. nominal GDP. C. real GNP. D. nominal GNP.
Economics