As firms find themselves producing closer to their maximum capacities, the most likely outcome would be that the economy's
a. investment curve will shift upward
b. investment curve will shift downward
c. consumption curve will shift downward
d. consumption curve will shift upward
e. position along the existing consumption curve will move upward
A
Economics
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An entry barrier exists when firms in an industry charge the lowest price possible for their products
Indicate whether the statement is true or false
Economics
You have narrowed down your Friday night plans to either going bowling or playing billiards. If you choose to go bowling, then for you playing billiards is the ________ of going bowling.
A. marginal cost B. empirical cost C. variable cost D. opportunity cost
Economics