Refer to the graph below. The slope of the line tangent to the curve at point B is:
A. 0.5
B. 3
C. 6
D. 2.0
Answer: D
You might also like to view...
Oligopolies in the United States rarely engage in explicit collusion because
a. it leads to lower profits b. firms are very wary of each other in this type of market c. they may have different dominant strategies d. it is illegal e. dominant strategies may not exist
Major macroeconomic issues include differences across countries in all of the following EXCEPT:
A. economic growth rates. B. inflation rates. C. infant mortality rates. D. unemployment rates.
A perfectly inelastic demand curve:
A. has a price elasticity coefficient greater than unity. B. has a price elasticity coefficient of unity throughout. C. graphs as a line parallel to the vertical axis. D. graphs as a line parallel to the horizontal axis.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.