Which one of the following groups benefits from inflation?

Which of the following must be included in the calculation of GDP?

a. The sale of a used car to an auto dealer b. Bartering lawn care services for car washes c. A father staying at home to attend to his child d. The sale of an illegal cable box e. Payment made for a SAT preparation class

In the long run, entry and exit in a perfectly competitive market will drive the price to the point where the: a. marginal cost curve intersects the average total cost curve at its minimum

b. marginal cost curve intersects the marginal revenue curve. c. marginal cost curve intersects the average variable cost curve at the shutdown point. d. marginal cost curve intersects the market demand curve.