Total costs increase from $1500 to $1800 when a firm increases output from 40 to 50 units. Which of the following are true?
a. AC rise by $1.50
b. AC rise by $1.00
c. AC fall by $1.50
d. AC fall by $1.00
c
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The Japanese health care system most closely resembles the health care system of _______, from which it was copied
a. theUnited States. b. France. c. Great Britain. d. Germany. e. Canada.
The short run aggregate supply (SRAS) curve shifts left when oil supply shocks occur because
A. the price level will fall at any given output level. B. fewer goods are produced at any given price level due to higher oil prices. C. average total cost will fall at any given output level. D. oil consumption will increase at any given price level.
Contrast the public interest theory of regulation with the legal cartel theory of regulation
What will be an ideal response?
Jane has $500 a week to spend on clothing and food. The price of clothing is $25 and the price of food is $10. What is the equation for Jane's budget constraint?
A. ($25 × Clothing) × ($10 × Food) < $500 B. ($25 × Clothing) / ($10 × Food) = $500 C. $25 × Clothing + $10 × Food ? $500 D. $25 × Clothing + $10 × Food = $500