If a decision is made and it is the best choice for society, the decision is said to be
A) a valid economic choice.
B) made in self-interest.
C) made in social interest.
D) consist with scarcity.
E) a want-maximizing choice.
C
Economics
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In monopolistic competition, advertising costs
A) are fixed costs. B) are variable costs. C) affect the firm's ATC curve. D) All of the above answers are correct.
Economics
Which of the following could explain a leftward shift of the labor demand curve?
a. Firms are unable to sell all the output they produce. b. Workers have become less productive. c. Workers have become more productive. d. Both (a) and (b) are correct. e. The demand curve for the product that firms sell shifts to the right.
Economics