Refer to Figure 11-5. Identify the curves in the diagram
A) E = average fixed cost curve; F = average total cost curve; G = average variable cost curve, H = marginal cost curve
B) E = marginal cost curve; F = total cost curve; G = variable cost curve, H = average fixed cost curve
C) E = average fixed cost curve; F = variable cost curve; G = total cost curve, H = marginal cost curve
D) E = marginal cost curve; F = average total cost curve; G = average variable cost curve; H = average fixed cost curve.
D
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Perfect, or 100%, recycling is
a. Physically feasible but always too expensive b. Not possible according to the second law of thermodynamics c. Physically feasible but not done because of failure to incorporate environmental costs d. Only accomplished for a few non-renewable resources e. Not currently feasible but will be possible in the future
Which two goods will most likely have indifference curves that are straight lines?
A) blue and red balloons B) left and right shoes C) pizza and hair spray D) beef and chicken