Adrian reads about two theories, A and B. Theory A seems wrong to Adrian and theory B seems correct to Adrian. It follows that
A) theory B is correct, and theory A is not.
B) both theories may be correct.
C) both theories may be incorrect.
D) theory A is trying to explain something completely different than theory B.
E) b and c
E
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
The optimal number of units to produce is best expressed when:
a. marginal benefit exceeds marginal cost b. marginal cost exceeds marginal benefit c. marginal benefit and marginal cost are close to equal d. both a and c
In perfect competition, an increase in fixed costs will eventually cause all except
a. reduction in industry output. b. reduction in a firm's output. c. reduction in the number of firms. d. decrease in industry supply.
The Alpha Car Wash is known for the quality way in which every car is hand cleaned. The Beta Car Wash uses machines, so consumers are generally willing to pay a higher price for Alpha's services. The Auto Washers union at Alpha has just succeeded in obtaining a substantial wage increase. What will likely happen as a result?