Suppose it costs a farmer $1.00 to produce 1 unit of corn, $2.10 to produce 2 units of corn, and $3.30 to produce 3 units of corn. What's the marginal cost of producing 2 units of corn?

Which of the following does NOT affect the long-run aggregate supply curve?

A) technology B) endowments of resources C) price level D) production possibilities curve

The economic model of consumer behavior explains how consumers' tastes and preferences are formed

Indicate whether the statement is true or false