A. lowering average total cost. B. increasing marginal utility. C. enhancing monopoly power. D. giving society a more-preferred mix of goods and services
A. lowering average total cost.
B. increasing marginal utility.
C. enhancing monopoly power.
D. giving society a more-preferred mix of goods and services.
Answer: C
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Assume that coffee and tea are substitutes for each other. If weather conditions cause a substantial portion of the available coffee crop to be destroyed, then most probably: a. the price of tea will decrease
b. the price of coffee will decrease. c. the price of tea will increase d. none of the above
The investment demand curve as a function of various possible interest rates for the entire economy is assumed to be:
A. positively sloped. B. negatively sloped. C. rising, then falling. D. falling, then rising.
A decrease in the discount rate will:
A. decrease the money supply. B. not affect the money supply. C. increase the money supply. D. have an unclear effect on the money supply.
Explain the difference between gross domestic product and gross national product
What will be an ideal response?