Refer to the above figure. Which of the following points indicates an unobtainable point of production?
A) a
B) d
C) e
D) More information is needed to answer the question.
B
Economics
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Fixed costs
A) are always sunk. B) are avoidable. C) are sometimes sunk. D) sunk in the short run, but not in the long run.
Economics
The growth rate of potential GDP is the sum of the growth rates of
a. labor force and population. b. labor force and labor productivity. c. labor force and capital stock. d. labor productivity and capital stock.
Economics