Refer to the information provided in Figure 2.1 below for the economy of Macroland to answer the question(s) that follow.
Figure 2.1Refer to Figure 2.1. If Macroland's economy is at Point A, it could produce more capital goods
A. only with additional resources.
B. without sacrificing any consumer goods.
C. only by sacrificing some consumer goods.
D. only with technological improvements.
Answer: B
Economics
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The figure above shows the marginal social cost curve of generating electricity, the marginal private cost curve, and the demand curve. The marginal external cost of producing 200 billion kilowatt hours per day is ________ per kilowatt
A) 0¢ B) 10¢ C) 20¢ D) 15¢ E) 5¢
Economics
Assuming demand is inelastic, if a firm wants to increase its total revenue, it should raise price
Indicate whether the statement is true or false
Economics