One response to increased oil prices, which reflects long-run elasticity and not short-run elasticity, is
a. gasoline rationing
b. fewer joy rides
c. shorter family vacations
d. smaller cars
e. less winter heat
D
Economics
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Marginal cost is calculated for a particular increase in output by
A) dividing the change in total cost by the change in output. B) dividing the total cost by the change in output. C) multiplying the total cost by the change in output. D) multiplying the change in total cost by the change in output.
Economics
_________ refers to the body's reaction to a demand
a. Stress b. Stimulus c. Hardship d. Overload
Economics