A. will remain the same
B. will decrease
C. will increase
D. could either increase of decrease
A. maximizes total surplus
B. generates equality among the members of society
C. minimizes total surplus
D. both maximizes total surplus and generates equality among the members of society
A. long run average cost is lowest
B. marginal revenue equals output
C. marginal revenue equals long run marginal cost
D. marginal cost equals output
A. Market Economy
B. Free Market
C. Both of them
D. None of them
A. result in government purchase policies favoring domestic over foreign producers
B. result in government purchase policies favoring foreign over domestic producers
C. attempt to restrict the number of tourists leaving a nation
D. are intended to publicize the advantage of the most efficient domestic companies
A. Pepsi’s advertising is not as effective as in the past .
B. The price of Coca Cola has increased,
C. Pepsi consumers had an increase in income.
D. The price of Pepsi increased
A. UK
B. Australia
C. China
D. India