Refer to the scenario above. Tom is likely to get a defective phone if:
A) he pays an amount of $80.
B) he pays an amount of $100.
C) he pays an amount of $40.
D) he pays an amount of $120.
C
Economics
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Which of the following is considered to be a fixed cost of operating an automobile?
a. gasoline b. tires c. oil change d. maintenance e. registration fees
Economics
Which of the following is true of a rise in the price of a good that is measured on the horizontal axis?
a. It causes the budget constraint to rotate outward on the horizontal axis. b. It causes the budget constraint to rotate outward on the vertical axis. c. It causes the budget constraint to rotate inward on the horizontal axis. d. It causes a shift in the budget constraint.
Economics