Which of the following is also known as the firm's planning curve?
a. the average total cost curve
b. the total cost curve
c. the long-run average cost curve
d. the long-run marginal cost curve
e. the fixed cost curve
C
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Economists use the term externalities to refer to
A) consequences people ignore in their decision making. B) any cost associated with an action. C) foreign imports or exports. D) the behavior in which people actually engage as distinct from their alleged reasons for acting as they do. E) the outside directors of a corporation as distinct from corporate directors who are also managers.
Which of the following is most likely to cause a rightward shift of the investment demand curve?
a. An increase in income b. A decrease in the market interest rate c. An improvement in business expectations d. An increase in the market rate of interest e. A decrease in income