Refer to the above figure. An unregulated natural monopolist's profits will be
A) profits equal to Q1 times distance a-c.
B) losses equal to Q4 times distance f-g.
C) losses equal to Q3 times distance d-e.
D) profits equal to Q1 times distance a-b.
D
Economics
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In the illustration above, which figure shows an aggregate production function?
A) Figure A B) Figure B C) Figure C D) Figure D
Economics
Health problems prevent people from working harder, which can lower a country's total income. This indicates that in effect, health problems
A) shift a country's production possibilities frontier inward. B) increase the incentive to work. C) decrease consumer surplus. D) are a primary cause of price decreases.
Economics