In the diagram, economic discrimination is best represented by point:
A. A.
B. C rather than D or E.
C. E rather than D or C.
D. F.
A. A.
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The perfectly competitive firm's supply curve includes
a. that portion of the marginal cost curve above the minimum point on the average variable cost curve b. its economic profit schedule c. that portion of the marginal revenue curve above minimum average variable cost d. that portion of the average total cost curve above minimum average variable cost e. the firm's effective resource demand curve
When players cannot achieve their goals because they are unable to make credible threats or promises, the situation is called a:
A. prisoner's dilemma. B. failure of dominant strategies. C. Nash equilibrium. D. commitment problem.
If the demand price for the 2,000th unit of a good is $10, then
A. total consumer surplus for 2,000 units is $10,000. B. the economic value of the 2,000th unit is $10. C. consumer surplus for the 2,000th unit can be computed by subtracting the supply price for the 2,000th unit. D. the net gain to society from the production and consumption of the 2,000th unit can be computed by subtracting the supply price from $10. E. Both b and d
Purchases of foreign assets by U.S. residents are tabulated in the U.S. balance of payments as a:
A. capital inflow. B. capital outflow. C. current account outflow. D. unilateral transfer.