Sugar price supports primarily benefit consumers

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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All scientific models, including economic models, simplify reality in order to improve our understanding of it

a. True b. False Indicate whether the statement is true or false

Economics

If long-run average cost increases as firm size increases, then the firm is experiencing:

a. diminishing marginal returns. b. economies of scale. c. increasing marginal returns. d. diseconomies of scale.

Economics

If it takes 118 Japanese yen to buy one dollar, then how many dollars does it take to buy one euro?

A) $0.0085 B) $1.18 C) $0.85 D) $0.01286 E) There is not enough information to answer the question.

Economics

________: the consumption bundle that maximizes total utility and is feasible as defined by the budget constraint

Fill in the blank(s) with correct word

Economics