Economics Class questions.

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Economics

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its 47 questions.


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Economics Class Questions
1. D. The price of capital increased.
2. A. $30
3. C. $40
4. B. The firm will hire more of the lower priced input.
5. B. The substitution effect causes the consumer to buy less peanut butter while the income
effect causes the consumer to purchase more.
6. C. In the case of a constant-cost industry.
7. D. a utility maximizing consumer will buy more of y, less of x.
8. C. Producers to gain area G.
9. D. +C – B.
10. C. A d...


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