Refer to the above figure. If the economy is currently operating at point C, then there is
A) a stable long-run equilibrium situation.
B) a recessionary gap.
C) an inflationary gap.
D) unemployment.
C
Economics
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The above (incomplete) table provides information about the relationships between output and various cost measures. The marginal cost per unit when increasing output from 14 to 17 units is
A) $20. B) $30. C) $380. D) None of the above answers is correct.
Economics
In which types of business do owners have unlimited personal liability and in which do owners have limited personal liability?
What will be an ideal response?
Economics