Private goods are characterized by two important attributes. What are they?
a. marginality and depletability
b. scalability and desirability
c. repeatability and reliability
d. depletability and excludability
d
Economics
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The above figure shows the demand and cost curves for a firm in monopolistic competition. In the figure, the firm makes an economic profit of
A) $0. B) $20. C) $40. D) $120.
Economics
In a simple macroeconomic model, only one component of expenditures is allowed to change:
a. investment. b. consumption. c. net exports. d. government spending. e. transfer payments.
Economics