Suppose eating soybeans leads to less cancer and heart disease. What effect would people eating more soybeans likely have on feed corn (a product also grown on land used to grow soybeans)?
A) The supply of feed corn will decrease.
B) The cost of producing feed corn will increase.
C) The price of feed corn will increase.
D) All of the above.
D
Economics
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What is the average cost per unit if the firm produces 5 units?
a. $196 b. $980 c. $182 d. $910
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How do we measure economic growth?
a. Increases in the price level, as indicated by the GDP chain price index. b. Increases in nominal GDP. c. Increases in real GDP. d. Increases in the labor force.
Economics