Based on the figure above, the firm's marginal product curve slopes upward at levels of output between ________ and the firm's average product curve slopes upward at levels of output between ________
A) 4.0 and 7.0; 4.0 and 7.0
B) 0 and 7.0; 4.0 and 7.0
C) 4.0 and 7.0; 0 and 4.0
D) 0 and 4.0; 0 and 7.0
E) More information is needed to answer the question.
D
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A country opens up to trade and becomes an exporter of wheat. In the wheat market, consumer surplus will ________, producer surplus will ________, and total surplus will ________
A) decrease; increase; increase B) increase; decrease; increase C) decrease; increase; decrease D) remain unchanged; increase; increase
A single bank is limited in its ability to create money because
a. loan recipients usually take the proceeds of the loan in cash. b. the FDIC will not permit it to create money unless the loans are guaranteed by the federal government. c. the money loaned will probably be deposited in another bank. d. federal legislation prohibits banks from creating money except to finance international trade.
The national debt is a stock of IOUs created by the summation of annual deficit and surplus flows.
Answer the following statement true (T) or false (F)
If the price was $6, her consumer surplus would be
Demand and Utility Schedules for Packs of Star Wars Trading Cards
A. $40.
B. $30.
C. $10.
D. $6.