Past expenses are irrelevant to supply decisions because
What will be an ideal response?
supply decisions depend on opportunities that will have to be forgone, not opportunities
already forgone.
Economics
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If there is a surplus of tacos, then the
A) quantity of tacos demanded equals the quantity of tacos supplied. B) quantity of tacos demanded is greater than the quantity of tacos supplied. C) quantity of tacos demanded is less than the quantity of tacos supplied. D) market is at equilibrium. E) supply curve of tacos will shift leftward to eliminate the surplus.
Economics
If the GDP deflator is less than 100 in 2013, then nominal GDP ________ real GDP in 2013
A) is less than B) is greater than C) is equal to D) may be greater than or less than
Economics