In the above figure, the relationship between costs and quantity is negative
A) between point A and point B.
B) between point B and point C.
C) along the entire curve.
D) nowhere along the curve.
A
You might also like to view...
Which of the following nations is NOT part of OPEC?
A. Kuwait B. Indonesia C. Iran D. Mexico
An increase in M or an increase in V, other things equal, would definitely increase: a. the price level
b. real GDP. c. nominal GDP. d. unemployment.
In a perfectly competitive market with 100 identical firms producing at market price p1
A) the supply curve is flatter than if there were only 50 identical firms. B) the supply curve is more elastic than if there were only 50 identical firms. C) the firms have identical marginal costs. D) All of the above.
In the GDP accounts production equals
a. income. b. income + saving. c. income - government expenditures. d. income - imports.