What is the marginal cost of producing the third unit?
a. $100
b. $200
c. $300
d. $400
a
Economics
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Prices that adjust nearly on a daily basis are
A) heavy prices. B) sticky prices. C) auction prices. D) custom prices.
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Define transfer payments and explain why they are not included in the government purchases section of the GDP accounts
What will be an ideal response?
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Logrolling
A) is vote trading among elected officials. B) eliminates the influence of special interest groups. C) puts downward pressure on federal spending. D) b and c E) all of the above
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A decline in the quantity of real output demanded along the aggregate demand curve is a result of a(n):
a. Decrease in the price level b. Decrease in the level of income c. Increase in the level of income d. Increase in the price level
Economics