One reason that helps to explain the law of supply is the law of
A) diminishing marginal utility.
B) diminishing marginal returns.
C) decreasing opportunity costs.
D) demand.
B
Economics
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In the recession that started in 2008, the savings rate:
A. increased. B. decreased. C. stayed the same. D. became negative.
Economics
Exhibit 8-12 Marginal revenue and cost per unit curves
If price is equal to OD for the firm shown in Exhibit 8-12, total profit is maximized when:
A. output is X. B. output is Y. C. output is Z. D. output is greater than Z.
Economics
Indirect finance includes the sale by a corporation of stocks or bonds, as well as borrowing money from a bank
Indicate whether the statement is true or false
Economics
State the law of diminishing marginal returns
What will be an ideal response?
Economics