A factory is an example of:
a. capital.
b. scarcity.
c. an enterprise.
d. land resources.
e. output.
a
Economics
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Of Social Security benefits and federal income tax brackets, which is indexed?
a. Both are indexed. b. Only Social Security benefits are indexed. c. Only federal income tax brackets are indexed. d. Neither is indexed.
Economics
Suppose that Figure 7.4 shows an industry's market demand, its marginal revenue, and the production costs of a representative firm. If the industry was perfectly competitive, it would produce a quantity of:
A. 30 units. B. 50 units. C. 60 units. D. There is not sufficient information.
Economics