If a straight line passes through the point x = 24 and y = 8 and also through the point x = 8 and y = 16, the slope of this line is
A) seven-tenths. B) negative one-half.
C) one and one-half. D) negative 8 divided by 4.
B
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An increase in the Consumer Price Index indicates that
a. the real income of households is increasing. b. the purchasing power of the dollar is increasing. c. the cost of buying the typical bundle of goods consumed by households is increasing. d. the real net worth of consumers is increasing.
A firm has an Actual margin of 0.60 and charges a price of $75. The firm’s marginal cost is:
? $25 B. $125. ? $45 D $30
Points that lie inside (or below) the PPF are
What will be an ideal response?
Which of the following leads to an underallocation of resources to a specific economic activity?
A. marginal costs B. external costs C. effluent benefits D. external benefits