Any price ______ will cause the firm to shut down production.
A. below the minimum of MC
B. above the maximum of AC
C. below the minimum of AC
D. between MC and AC
C. below the minimum of AC
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When consumption is rival and excludable, the product is a
A) public good. B) private good. C) mixed good. D) service, not a good.
Suppose a government official is trying to decide whether or not to allow more immigration. Which of the following is not an aspect of the economic way of thinking that would apply in this decision-making process
Why are government welfare programs often called entitlement programs?
A. Because every U.S. citizen, regardless of income, is entitled to receive benefits under these programs. B. Because everyone living in the U.S., whether the person is a citizen or not, is entitled to a minimum level of income. C. Because those who fail a means test are eligible for cash assistance but not in-kind transfers. D. Because people whose income is below a certain level are entitled to government assistance.
Use the information provided in Table 7.1 below to answer the question(s) that follow.
Table 7.1Inputs Required to Produce a Product Using Alternative Technologies 
Refer to Table 7.1. Which technology is the most capital intensive?
A. A B. B C. C D. D