Refer to Figure 12-9. Identify the firm's short-run supply curve
A) the marginal cost curve B) the marginal cost curve from a and above
C) the marginal cost curve from b and above D) the marginal cost curve from d and above
C
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The slope of a curved line differs from that of a straight line in that
A. the numerical value of the slope of a straight line is different at every point but is the same at every point for a curved line. B. the numerical value of the slope of a straight line is always higher than the numerical value of the slope of a curved line. C. the numerical value of the slope of a curved line is different at every point but is the same at every point for a straight line. D. the numerical value of the slope of a curved line is an irrational number, but the numerical value of the slope of a straight line is always a rational number. E. straight lines are more realistic, but curved lines are not descriptively accurate for the real world.
Politically, one reason trade restrictions are common is that
a. the many beneficiaries of free trade each gain a small amount whereas the few losers, lose enough to lobby for restrictions. b. the beneficiaries of free trade collectively gain a small amount whereas the few losers, collectively lose much more. c. the few beneficiaries of free trade each gain a large amount and the many losers, lose enough to lobby for restrictions. d. foreign corporations bribe politicians.
Walmart, the largest employer in the United States, employs
A. Approximately 10 percent of the labor force. B. Less than 1 percent of the labor force. C. Approximately 2 percent of the labor force. D. More than 15 percent of the labor force.
If a p-value is greater than or equal to 1.0, the results is said to be statistically significant.
Answer the following statement true (T) or false (F)