Which of the following is most likely to lead to government intervention in the form of price ceilings?
a. advertising
b. war
c. growth in consumer income
d. technological advance in agriculture
e. lower resource costs
B
Economics
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In the figure above, the efficient amount of output is
A) 20 units per day. B) 40 units per day. C) 60 units per day. D) 80 units per day.
Economics
The vertical distance between the average total cost curve and the average variable cost curve equals: a. marginal cost
b. average fixed cost. c. total fixed cost. d. total variable cost.
Economics