The dominant school of economic thought from the 1930s into the 1960s was __________.

If a theatre company expects $250,000 in ticket revenue from five performances and $288,000 in ticket revenue if it adds a sixth performance, the

A) company will be making a loss on the sixth performance because its ticket sales will be less than the average revenue received from the previous five. B) marginal revenue of the sixth performance is $38,000. C) marginal revenue of the sixth performance is $288,000. D) cost of staging the sixth performance is probably higher than the cost of staging the previous five.

In order for a production possibilities curve to shift to the right, which of the following must occur?

A) government involvement B) increasing consumer wants C) economic growth D) reductions in the supply of resources