What is the shape of the average total cost curve for a firm in the short run?
a. U-shaped.
b. A horizontal line.
c. A vertical line.
d. A curve that slopes upward to the right.
a
Economics
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What do economists mean when they say that “there is no free lunch”? Give another example to which this statement applies
Please provide the best answer for the statement.
Economics
Refer to the diagrams. Other things equal, curve B will shift upward when:
A. the level of GDP increases.
B. the interest rate increases.
C. curve A shifts to the left.
D. curve A shifts to the right.
Economics