Based on the data in Table 2-7, recessions in the U.S. are
a. irregular in length but evenly spaced.
b. rare.
c. regularly spaced and regular in length.
d. irregular in length and irregularly spaced.
D
Economics
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If a marginal cost pricing rule is imposed on the firm in the figure above, the firm will produce
A) 5 units. B) 20 units. C) 30 units. D) 40 units.
Economics
Assume there is a simultaneous decrease in the cost of batteries used in hybrid cars and a shift in consumer preferences toward more fuel-efficient vehicles
Based on this, we can conclude, with certainty, that in the market for hybrid cars, equilibrium: A) price will decrease. B) price will increase. C) quantity will decrease. D) quantity will increase.
Economics