Costs that are borne solely by the individuals who incur them are called

A) private costs.
B) public costs.
C) social costs.
D) implicit costs.

Answer: A

Economics

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How does a contractionary monetary policy affect the labor demand curve in an economy?

What will be an ideal response?

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The cost-output elasticity can be written and calculated as

A) MC/AC. B) AC/MC. C) (AC)(MC). D) (AC)2(MC). E) (AC)(MC)2.

Economics