For a given supply curve, the deadweight loss from the imposition of a tax is smaller if demand is more elastic

The marginal cost curve:

a. Usually declines initially as output increases and then rises with further increases in output b. Is equal to the average variable cost curve c. Usually rises initially as output increases and declines with further increases in output d. Is always constant

In the production possibilities framework, economic growth is depicted by the PPF

A) shifting leftward (toward the origin). B) shifting rightward (away from the origin). C) becoming a straight line rather than a bowed outward curve. D) becoming bowed outward rather than a straight line.