Points below a firm's total product curve are
A) both attainable and technologically efficient.
B) neither attainable nor technologically efficient.
C) attainable but not technologically efficient.
D) technologically efficient but not attainable.
C
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If brokerage commissions on bond sales decrease, then, other things equal, the demand for bonds will ________ and the demand for real estate will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
A movement along the supply curve might be caused by a change in a. technology
b. supplier's input prices. c. expectations about future prices. d. the price of the good or service that is being supplied.
A market dominated by a single seller:
a. start-up costs b. merger c. patent d. monopoly e. deregulation
The objective of creating a permit trading system for SO2 (sulfur dioxide) is to
A) employ environmental protection agency (EPA) workers. B) create a market in which one did not previously exist. C) make annual company tax reporting more difficult. D) increase the incidence of acid rain.