When two goods are perfect substitutes, their indifference curves are straight lines
Indicate whether the statement is true or false
TRUE
Economics
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Which of the following are examples of voluntary risks?
a. driving an automobile d. (a) and (b) only b. smoking cigarettes e. all of the above c. being struck by lightning
Economics
An improvement in technology shifts the supply curve rightward
a. True b. False
Economics
As long as people have confidence that paper money will serve the functions of money, then it can serve the function of money
Indicate whether the statement is true or false
Economics
For the cost function C(Q) = 500 + 12Q + 4Q2 + Q3, what is the marginal cost of producing the eighth unit of output?
A. $268 B. $184 C. $524 D. $852
Economics