Demand for Shell gasoline will increase if the price of:

The change in a firm's total cost from producing one more unit of a good or service is the firm's

A) average cost of production. B) explicit cost of production. C) marginal cost of production. D) implicit cost of production.

Which of the following factors have not contributed to the "Great Moderation" of real GDP in the U.S. over the past 20 years?

a. Better inventory management b. Better macroeconomic policy c. Greater availability of financial products for lending and borrowing d. Imposition of a ceiling on interest rates e. Smaller real shocks