Income is considered to be a
A) nontaxable stream of funds.
B) flow.
C) stock.
D) resource.
B
Economics
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The figure below shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. 
The socially optimal level of output is:
A. 4 units per day. B. 5 units per day. C. 10 units per day. D. 8 units per day.
Economics
If a consumer is consuming a combination of goods and services on his budget line, has the consumer allocated his or her entire budget?
What will be an ideal response?
Economics
"In the long run, a perfectly competitive firm's average total cost is always below the market clearing price." Agree or disagree? Why?
What will be an ideal response?
Economics
What is "monopolistic" about monopolistic competition?
What will be an ideal response?
Economics