The above figure shows the costs at Barney's Bagel Bakery. Up to which level of output will increasing marginal returns in production be experienced at Barney's Bagel Bakery?
A) up to 500 bagels
B) up to 2000 bagels
C) up to 3000 bagels
D) up to 3500 bagels
A
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According to the Bureau of Labor Statistics, if you voluntarily leave your job to search for another job, then you
A) are eligible for unemployment compensation. B) are classified as a job loser. C) are classified as unemployed. D) may not re-enter the labor force for six months.
The health care system in ________ is referred to as a single-payer health care system, and is a system in which the government provides national health insurance to all residents
A) Canada B) Japan C) the United Kingdom D) the United States
High tariffs on intermediate inputs
A) increase the effective rate of protection on final goods. B) have no impact on the effective rate of protection on final goods. C) decrease the effective rate of protection on final goods. D) lower the nominal rate of protection on final goods. E) raise the nominal rate of protection on final goods.
If a firm in monopolistic competition is neither making a profit nor suffering a loss, its AR curve is
a. horizontal. b. touching its AVC curve. c. touching its ATC curve. d. below its MR curve.