Technological changes that increase productivity shift the
A. Marginal cost curve upward.
B. Production function downward.
C. Marginal physical product curve downward.
D. Average total cost curve downward.
Answer: D
Economics
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Which of the following is correct for a single-price monopoly?
i. The firm can determine the quantity it produces and the price it charges. ii. It would never profitably produce output in the inelastic range of its demand. iii. Its marginal revenue is less than price. A) i only B) i and iii C) ii only D) ii and iii E) i, ii, and iii
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List three possible problems that could occur when undertaking cost-benefit analysis
What will be an ideal response?
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