The results of many empirical studies of short-run cost functions have shown that total costs conform to
A) a quadratic total cost function.
B) a power cost function.
C) a linear cost function.
D) a cubic cost function.
C
Economics
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From 1700-1780, the colonial population increased at a rate of approximately 3 percent per year. This rapid population growth was primarily due to
a. immigration from England. b. immigration from central Europe. c. higher birth rates in the colonies than in Europe. d. importation of slaves from Africa.
Economics
That part of disposable income not spent on consumption is:
a. saved. b. invested. c. wasted. d. borrowed.
Economics