Refer to the figure above. What is the domestic price of calculators in Barylia?
A) $10
B) $30
C) $40
D) $50
B
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List and explain the factors that can increase labor productivity
What will be an ideal response?
When the government levies a tax on a corporation,
a. all the burden of the tax ultimately falls on the corporation's owners. b. the corporation is more like a tax collector than a taxpayer. c. output must increase to compensate for reduced profits. d. less deadweight loss will occur since corporations are entities and not people who respond to incentives.
___________ than would be the case if all firms had identical products and prices.
a. flatter b. steeper c. farther to the right d. less elastic
Marginal cost is the:
A. change in total cost that results from producing one more unit of output. B. change in average total cost that results from producing one more unit of output. C. rate of change in total fixed cost that results from producing one more unit of output. D. change in average variable cost that results from producing one more unit of output.