In order to be able to consume more in the future, you have to consume

A) less today and save the difference.
B) more today to increase supply.
C) more consumer goods.
D) fewer capital goods.

A

Economics

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Which economic concept is the closest to the saying "There's no free lunch"?

a. Specialization b. Unlimited wants c. Underutilization of resources d. Opportunity costs e. Overutilization of resources

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Refer to Figure 8.4. The marginal cost of the sixth microwave oven is A) $83.33. B) $116.67. C) $200. D) $1200.

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