Wealthy professors are more likely to shop at high end stores with shorter wait times at the cashier than poor students because
a. They value the item more than the student
b. They like wasting money
c. The opportunity cost of waiting in a cashier line is higher for professors than for undergraduate students
d. They like to show off
c
Economics
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The average fixed cost curve
A) is always positively sloped. B) is U-shaped. C) has an upside-down U shape. D) is always negatively sloped. E) is horizontal.
Economics
If the economy is at full employment:
A. the aggregate demand curve cannot shift to the right. B. government spending causes crowding in. C. Keynesians argue that any crowding-out effect is small. D. crowding out is complete.
Economics