Marginal cost is the opportunity cost of producing
A) every unit possible.
B) zero units.
C) the first unit and only the first unit.
D) one more unit of a good or service.
E) None of the above answers is correct.
D
Economics
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Exhibit 30-4
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Refer to Exhibit 30-4. If a negative externality exists, then the external costs associated with the negative externality equal
A. P3 - P1. B. P4 - P3. C. P3 - P2. D. P2 - P1.
Economics
The business cycle is usually illustrated using movements in
A) the inflation rate. B) labor productivity. C) real GDP. D) the size of the labor force.
Economics
Which of the following would allow the production possibilities curve for an economy to shift outward?
What will be an ideal response?
Economics
The Budget Act of 1990 aimed at reducing the federal deficit by a total of about $______ billion over the period 1991-95.
Fill in the blank(s) with the appropriate word(s).
Economics