If the marginal cost of producing hair styling decreases, then the efficient quantity of hair stylings to produce ________
A) depends on the marginal benefit
B) remains the same
C) decreases
D) increases
D
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The table above gives the CPI for a nation. Based on the table, we can determine that the reference base period is
A) 1994. B) 1996. C) 1998-2000. D) 2002. E) More information about when the Consumer Expenditure Survey was undertaken is needed to answer the question.
In the above figure, using the slope across an arc, the slope of the curve between points a and b is
A) 1/2. B) -1/2. C) 2. D) -2.
The ________ is the rule of thumb according to which people's belief about the likelihood that something belongs to a given category increases with the extent to which it shares characteristics with the stereotypical members of that category.
A. Weber-Fechner law B. availability heuristic C. representative heuristic D. adaptive rationality standard
How does an inflationary gap occur?
What will be an ideal response?