Income is considered to be a
A) nontaxable stream of funds.
B) flow.
C) stock.
D) resource.
B
Economics
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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?
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"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?
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What is "monopolistic" about monopolistic competition?
What will be an ideal response?
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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