Final goods or services used to compute GDP refer to:
a. the sum of all wages paid to laborers

b. the factors of production used to produce output.
c. goods and services purchased by the ultimate users.
d. the value of outstanding shares of stock of manufacturing firms.

c

Economics

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In the above figure, the average total cost curve is curve

A) A. B) B. C) C. D) D.

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What is the key assumption about a consumer's marginal rate of substitution?

What will be an ideal response?

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