Total surplus is in which type of market will be highest?
A. Perfect competition
B. Monopoly
C. Equally in perfect competition and monopoly
D. Natural monopoly
Answer: A
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Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product0015220332442550655758858956Marginal product is zero when the total product is
A. 58. B. 5. C. 0. D. 56.
In the traditional view, stocks are ____ than bonds to the firm that issues them and ____ than bonds to the investor who purchases them.
A. less risky; less risky B. less risky; riskier C. riskier; less risky D. riskier; riskier
Accounting that relates how growth in inputs of production are related to growth in output is called:
A. input to output accounting. B. national income accounting. C. production accounting. D. growth accounting.
epublicans often argue in favor of what to push the economy toward economic recovery, as they did during the recession that began in 2008?
A. Tax cuts B. Increase government spending C. Decrease government spending D. Encourage the public to save more