A PPF is a straight line as a result of
What will be an ideal response?
constant opportunity costs
Economics
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An increase in a monopoly's fixed costs would cause its output to
a. rise. b. fall. c. stay the same. d. impossible to predict.
Economics
The marginal revenue curve for a perfectly competitive firm is
A. horizontal. B. vertical. C. downward sloping. D. upward sloping.
Economics
Positive Economics
What will be an ideal response?
Economics
The aggregate demand curve would shift to the left if
A. government spending were increased. B. the cost of energy were to decrease. C. the money supply were increased. D. net taxes were increased.
Economics