Refer to the data. The marginal cost of the fourth unit of output is:
Answer the question on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are $10:
A. $2.
B. $12.
C. $37.
D. $16.
C. $37.
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Explain why only final goods are included in GDP
What will be an ideal response?
Assuming the demand curve in question is downward sloping, the calculated price elasticity of demand will always be negative
Indicate whether the statement is true or false
What impact do you think that the movement of women from working in the household to working in the market has had on GDP? Why? Do you think that this points to a problem with GDP?
What will be an ideal response?
All of the following will shift the AD curve to the right except a(n):
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