For which of the following is there no such thing as a "price?"
a. labor
b. land
c. entrepreneurship
d. none of the above
c
Economics
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What three things must a firm know in order to calculate costs?
What will be an ideal response?
Economics
In the above figure, the demand curve for Good A shifts from D1 to D2 in Graph A when the price of Good B changes from P1 to P2 in Graph B. We can conclude that
A) Good A and Good B are substitutes. B) Good A and Good B are complements. C) Good A is a normal good but Good B is an inferior good. D) Good A and Good B are unrelated.
Economics