Costs due to an increase in activity is called
a. the total cost.
b. a negative marginal benefit.
c. a marginal cost.
d. an incentive loss.
Ans: c. a marginal cost.
Economics
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In the figure above, with international trade U.S. consumers buy ________ million T-shirts per year at ________ per T-shirt
A) 60; $5 B) 40; $8 C) 20; $5 D) 40; $5 E) 60; $11
Economics
In perfect competition, when market demand increases, explain how the price of the good and the output and profit of each firm changes in the short run
What will be an ideal response?
Economics