The figure above shows the relationship between the journey length and the cost of trip per mile. The curve becomes flatter because as the journey length increases,
A) the cost per mile increases.
B) the fall in the cost per mile becomes greater.
C) the cost per mile remains unchanged.
D) the cost per mile decreases.
E) the fall in the cost per mile becomes smaller.
E
Economics
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"To calculate GDP, economists begin with total income earned and then subtract total expenditure by the four sectors of the economy." Is the previous sentence true or false? Explain your answer
What will be an ideal response?
Economics
Classical economists believe that a market economy will normally
A) suffer from extended periods of sustained unemployment. B) achieve full-employment output. C) degenerate into pure monopolies in most industries. D) eliminate the problem of economic scarcity.
Economics