In the above figure, the best affordable point is
A) 8 hamburgers and 0 magazines.
B) 0 hamburgers and 6 magazines.
C) 4 hamburgers and 3 magazines.
D) some combination that is not given above.
C
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Which law specifically mandated the federal government's responsibility for economy-wide stability?
A) the Employment Act of 1946 B) the Sherman Act of 1890 C) the Great Depression Act of 1930 D) the Miller Act of 1960
A perfectly competitive producer faces a demand curve for its own product that is
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.
Common property often results in
A) a negative externality. B) a social benefit. C) a private cost. D) exclusive rights of ownership.
Cici's Pizza Most pizza restaurants charge by the pie or by the slice. Cici's has found a niche by charging a flat rate for the meal and allowing as many visits to the pizza buffet as the customer desires. How does this affect the make-up of its clientele?