Opportunity costs are
A) always marginal costs.
B) never marginal costs.
C) not related to marginal costs.
D) sometimes marginal costs.
E) sunk costs.
A
Economics
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At the point where the consumption function crosses the 45-degree line:
a. consumption is equal to disposable income, and therefore, saving is zero. b. consumption is less than income, and saving is present. c. consumption is greater than income, and dissaving is present. d. planned saving equals actual saving minus disposable income.
Economics
Firms in a perfectly contestable market will be forced to operate as efficiently as possible and to charge prices as low as long-run financial survival permits. Why?
Economics