The short-run supply curve for a perfectly competitive firm is the portion of its
A) ATC curve above the MC curve.
B) MC curve above the ATC curve.
C) ATC curve below the MC curve.
D) MC curve above its AVC curve.
Answer: D
Economics
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Which of the following is associated with classical growth theory?
I. Growth in real GDP can continue indefinitely. II. Technological growth increases as the population grows. III. Population explosions bring real GDP per person back to subsistence levels. A) I B) II C) III D) I and III
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In 1999, what percentage of K-12 students attended private schools?
a. Around 6 percent b. Around 9 percent c. Around 11 percent d. Around 14 percent
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