In the long run, the price of information products in monopolistically competitive markets will be equal to
A) zero.
B) MC.
C) AFC.
D) ATC.
Answer: D
Economics
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The slope of the consumption function is the
A) APS. B) MPC. C) MPS. D) APC.
Economics
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for mustard and that bratwurst and mustard are complements. What panel describes what happens in this market when the price of bratwurst falls?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
Economics
An increase in the amount of resources would shift the long-run aggregate supply curve:
A) rightward. B) leftward. C) no shift. D) none of the above.
Economics
The working poor are likely to be found in just a few broad occupational categories
Indicate whether the statement is true or false
Economics