In the above figure, flow B represents ________

A) household purchases of goods and services
B) household borrowing
C) household income
D) firms' payments for labor services

A

Economics

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If a marginal cost pricing rule is imposed on the natural monopoly shown in the figure above, then it will produce

A) 2 million units. B) 3 million units. C) 4 million units. D) 5 million units.

Economics

"The hotter it gets, the more water people drink." This statement implies that the relationship between temperature and water consumption must have: a. no relationship

b. a negative slope. c. a positive slope. d. either positive or negative slope.

Economics