When Fatz confectionery can lower the cost of manufacturing and packaging a pound of candy by doubling the quantity manufactured and packaged each day, it will achieve

How does marginal cost change as output increases (a) initially and (b) eventually?

What will be an ideal response?

Like tariffs, quotas tend to lead to

A) higher prices and reduced imports. B) increased government revenue. C) increased consumer surplus. D) All of the above.