An example of a heuristic is:
A. predatory lending.
B. a rule of thumb.
C. common sense.
D. a framing device.
B. a rule of thumb.
Economics
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Fixed costs plus variable costs:
a. increasing marginal returns b. total cost c. marginal revenue d. marginal product of labor e. marginal cost
Economics
Refer to the tables. Opportunity costs of producing military goods are:
A. increasing in Duckistan but constant in Herbania.
B. constant in both Duckistan and Herbania.
C. larger in Duckistan than in Herbania.
D. smaller in Duckistan than Herbania.
Economics