The minimum price the firm would accept in the long run would be
A. $25.
B. $50.
C. $60.
D. $70.
D. $70.
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Effective price floors keep market price
A. above the equilibrium price and create surpluses. B. above the equilibrium price and create shortages. C. below the equilibrium price and create surpluses. D. below the equilibrium price and create shortages.
The marginal utility derived from viewing the next movie download is the
A. average utility per minute of viewing. B. additional utility from viewing the movie. C. additional utility from viewing the first minute of the movie. D. average utility per hour of viewing.
Sales taxes are proportional in relation to income because the same tax rate applies regardless of the size of a purchase.
Answer the following statement true (T) or false (F)
The demand for goods reflects people's values
What will be an ideal response?