Multiple Choice
Alana operates a small hair salon in Dallas. If some salons leave the industry, Alana's _____ curve will shift to the _____.
A) marginal cost; left
B) marginal cost; right
C) demand; left
D) demand; right
Correct Answer:
Verified
Correct Answer:
Verified
Q38: The _ cost curve continually declines as
Q39: Price is equal to:<br>A)marginal revenue divided by
Q40: Emilia is a civil rights lawyer with
Q41: Average cost is:<br>A)the change in cost divided
Q42: In a long-run equilibrium, economic profits are:<br>A)positive.<br>B)zero.<br>C)negative.<br>D)indeterminate.
Q44: Average cost equals:<br>A)price.<br>B)the cost of producing one
Q45: The formula for calculating accounting profit is
Q46: The two main types of implicit opportunity
Q47: Juan earns a yearly salary of
Q48: Which of the following government policies would