Refer to the diagram, in which solid arrows reflect real flows; broken arrows are monetary flows. Flow (1) might represent:
A. corporate income tax payments.
B. government provision of highways for truck transportation.
C. business property tax payments.
D. transfer payments to low-income families.
B. government provision of highways for truck transportation.
Economics
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If marginal cost becomes higher than price, what happens to a company?
(A) The company will lose money on each additional unit produced. (B) Diminishing marginal returns will shrink production. (C) Company specialization will lower the actual price charged. (D) The company will go out of business.
Economics
What happens to the marginal cost curve when the marginal physical product of labor is rising?
A. It becomes vertical. B. It becomes downward sloping. C. It becomes horizontal. D. It becomes upward sloping.
Economics