It makes sense for you to channel funds regularly into a "real world" savings account so you will
What will be an ideal response?
be prepared to deal with expenses like repairs that you know will occur in the future.
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Consumer’s surplus is a measure of how much
A. less than his income a consumer spends on goods. B. more utility a consumer receives from his purchases than he has to pay for them. C. a consumer’s marginal utility differs from his total utility. D. a change in price induces a consumer to substitute other goods.
The sole proprietorship constitutes what percentage of the total number of firms in the United States?
a. 90 percent b. 75 percent c. 60 percent d. 45 percent e. 20 percent
If a change in the price of one good does not cause a shift in the demand curve of another good, then the two goods are:
A. substitutes. B. complements. C. normal. D. not related.
How much is this firm's ATC?
