A straight line tangent to a curved line at a point
a. crosses the curved line at that point
b. crosses the curved line at many points
c. has the same slope as the curved line at that point
d. is steeper than the curve at all other points
e. has a smaller slope than all other points on the curve
C
Economics
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In the long-run, a perfectly competitive firm will achieve
a. An average rate of return b. Above average profits c. Losses d. Economic Profits
Economics
Other things equal, the supply of labor will be greater to a job that
a. requires advanced education and training b. requires most working hours be on weekends c. requires hard physical labor d. allows the employee greater discretion in the use of time e. has a higher probability of injury or death
Economics