The following are features of the Asian model
a. high savings
b. low shares of government
c. large investments in human capital
d. a, b and c are correct
e. only a and c are correct
D
Economics
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Which of the following is an example of an economic trade-off that a firm has to make?
A) deciding what profit margin it desires for its products B) whether or not consumers will buy its products C) whether it is cheaper to produce with more machines or with more workers D) deciding why consumers want its products
Economics
The curve that shows the demand for labor for a purely competitive firm is
A) VMP. B) MP. C) MC. D) W/MP.
Economics