In the figure above, the marginal cost of producing a computer
A) increases as more computers are produced.
B) stays the same as more computers are produced.
C) decreases as more computers are produced.
D) is the same as the marginal cost of producing a television set.
A
Economics
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The traditional definition of a recession is a decline in real GDP lasting for
A) at least one month.
B) at least two consecutive quarters.
C) at least one year.
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According to the random walk theory
A. today's stock price will be related to yesterday's stock price. B. stock prices rise and fall in predictable cycles that correspond with the overall business cycle. C. successive prices of a stock are independent of each other. D. stock prices can easily be predicted for as much as 52 weeks into the future.
Economics