Refer to the information provided in Figure 1.7 below to answer the question(s) that follow.
Figure 1.7Refer to Figure 1.7. The slope of the line is
A. decreasing at an increasing rate.
B. positive.
C. increasing at a decreasing rate.
D. negative.
Answer: B
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Use the following figure to answer the next question. Total fixed cost at output level Q2 is measured by the vertical distance
A. 0C. B. DE. C. AD. D. CD.
The people who immediately benefit from a minimum wage are
A) employers who now pay the minimum wage. B) those people who enter the labor force to search for minimum wage jobs. C) the workers who retain their jobs after enactment of the minimum wage. D) everyone, both demanders and suppliers, because the minimum wage benefits everyone. E) all workers.
the total change in spending =
What will be an ideal response?
What is the opportunity cost of attending class today?
What will be an ideal response?