An ordered pair is
a. the process of checking calculations twice before placing them on a graph.
b. two numbers that can be represented by a single point on a graph.
c. two numbers that are represented by two points on a graph.
d. two points on a graph that are of equal distance from the origin.
b
Economics
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What are the three basic economic decisions each household must make?
What will be an ideal response?
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A monopoly is most likely to emerge in a market when
a. the producers in the market have U-shaped average total cost curves. b. the price elasticity of demand for the product is high. c. the cost of entry and exit into the market is low. d. economies of scale are large relative to market demand.
Economics