Which of the following statements about public education is TRUE?
A) Over the last 40 years, there has been an increase in spending for public education, while there has not been a significant increase in performance.
B) Over the last 40 years, there has been a decrease in public spending for public education, while there has not been a significant increase in performance.
C) Most of the increases in public spending on public education have gone into programs that have increased student learning.
D) Over the last 40 years there has been no decline in any of the measures of student performance in public education.
A
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Monopolies are inefficient because, at the profit-maximizing output level,
A) MC = MR. B) MC does not equal MR. C) MB = MC. D) MB does not equal MC. E) P = ATC.
Contribution margin is
a. the contribution of each unit sold towards covering the fixed costs b. the contribution of each unit sold towards covering the variable costs c. the contribution of each unit sold towards covering the average variable costs d. All of the above