Refer to the graph shown. Given the long-run average cost curve, a seller must produce 18 units just to break even if the price the seller expects is roughly:

Illustrate the effect of the Fed purchasing $50 million worth of mortgage-backed securities on the Fed's balance sheet

What will be an ideal response?

Economics is primarily the study of

a. how to make money in the stock market. b. how to find lower cost methods of production. c. the choices we must make among alternatives because of scarcity. d. the proper form of industrial structure for the United States.