Refer to the graph. Which one of the following would cause a move from point b on short-run average total cost curve ATC 1 to point e on short-run average cost curve ATC 2?
A. Diminishing marginal returns.
B. An increase in the wage rate.
C. A decrease in the wage rate.
D. Increasing marginal returns.
B. An increase in the wage rate.
Economics
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Herd behavior can best be described as
A) the large number of investors involved in the stock market. B) how large participation in financial markets increase market efficiency. C) informed investors can outperform relatively uninformed investors. D) relatively uninformed investors follow the behavior of other investors instead of consider fundamentals.
Economics
Other things the same, as the price level rises,
a. the dollar depreciates. b. the interest rate falls. c. people feel less wealthy. d. All of the above are correct.
Economics