The trade-offs facing consumers include:
A) how to allocate income across goods and serves.
B) how to allocate income between consumption and savings.
C) both A and B
D) none of the above
C
Economics
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As we observe the cost curves graph, we see that the
A) MC curve intersects the ATC curve at its maximum. B) MC curve cannot be U-shaped. C) ATC curve always has a negative slope. D) MC curve intersects the AVC curve and ATC curve at their minimums. E) MC constantly falls as output increases.
Economics
The most volatile component of GDP is
a. tax revenue b. government purchases of goods and services c. the nation's capital stock d. private investment spending e. private consumption expenditures
Economics