Figure 10-5
In Figure 10-5, points which lie on the firm's short-run supply curve are
a.
A, B, C.
b.
C, D, H.
c.
F, E, G.
d.
A, C, H.
b
Economics
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Requiring that barbers have licenses, restricts entry and
A) raises the average quality of hair cuts. B) increases the costs of getting a hair cut. C) may increase or decrease welfare. D) All of the above.
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Households play what role(s) in the circular flow diagram?
a. purchasers of factors of production and sellers of services b. purchasers of factors of production and sellers of goods c. purchasers of goods and services only d. purchasers of goods and services and sellers of factors of production e. purchasers of factors of production only
Economics