In cases of natural monopoly, it is best to have only one firm producing all of the output in a market.
Answer the following statement true (T) or false (F)
True
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The horizontal axis on a time-series graph
A) measures the variable being graphed. B) measures units of time such as years. C) runs parallel to the y-axis. D) measures how the variable being graphed changes.
Your marginal utility from a hamburger
A) is always greater than your total utility from hamburgers. B) is always greater than your average utility from a hamburger. C) is always greater than the price of a hamburger. D) depends on how many hamburgers you've already eaten.
In the circular flow model, households:
a. Buy products and sell resources b. Sell products and buy resources c. Buy products and resources d. Sell products and resources
Bond coupon payments represent
A) dividends paid to owners. B) interest on the amount borrowed. C) capital gains for tax purposes. D) payments to preferred shareholders.