An initial allocation of goods is called a(n)
A) endowment.
B) inheritance.
C) pareto set.
D) general-equilibrium goods set.
A
Economics
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Jill Johnson owns a pizzeria. She currently produces 10,000 pizzas per month at a total cost of $500. If she produced one more pizza her total cost rises to $500.11. What does this tell us about Jill's marginal cost of producing pizzas?
A) The marginal cost of producing pizzas is constant. B) The marginal cost of producing pizzas is falling. C) The marginal cost of producing pizzas cannot be determined without more information. D) The marginal cost of producing pizzas is rising.
Economics
____ in taxes will decrease consumption spending, and ____ in transfer will increase consumption spending
Fill in the blank(s) with the appropriate word(s).
Economics