The total variable cost curve increases at a decreasing rate when there are early gains from specialization
Indicate whether the statement is true or false
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Economics
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To an economist, risky options:
A) are always bad options. B) are always good options. C) have costs and benefits fixed in advance. D) do not have costs and benefits fixed in advance.
Economics
Classical economists think general equilibrium is attained relatively quickly because
A) the real interest rate adjusts quickly. B) the level of output adjusts quickly. C) the real wage rate adjusts quickly. D) the price level adjusts quickly.
Economics