A study of what manufacturers thought their average total cost curves look like revealed that most
a. believe their ATC is downward sloping
b. believe their ATC is horizontal
c. believe their ATC is upward sloping
d. believe their ATC is U-shaped
e. do not know what their ATC looks like
A
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Which of the following is an equilibrium condition in the ISLM model?
A) Labor demand = labor supply B) Desired investment = desired saving C) Government spending = taxation D) Money supply = income
Evidence suggests that emergency care services are normal goods
a. True b. False Indicate whether the statement is true or false
Exhibit 4-3 Supply and demand curves
Beginning from an equilibrium at point E2 in Exhibit 4-3, an increase in demand for good X, other things being equal, would move the equilibrium point to:
A. E1. B. E2. C. E3. D. E4.
A resource
A. only includes physical things. B. must come from the earth. C. is anything that we consume directly or use to make things we will ultimately consume. D. A) and C)