Moving down along an indifference curve:
a. total utility remains constant

b. total utility decreases.
c. total utility increases.
d. total utility first decreases and then increases.


a

Economics

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If the AVC is $12, the AFC is $4, the AR is $20, and output is 6,000 units, the total profit is

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Most trade groups contain countries in the same area of the world, even though neighboring countries usually lack a common history and interests.

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