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