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Producer Behavi...

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  • Question 1
    1 / -0

    Opportunity cost is the:

  • Question 2
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    When the marginal cost is equal to average cost, the slope of the average cost is:

  • Question 3
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    Which of the following is the true meaning ofopportunity cost?

  • Question 4
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    What happens to the supply curve when there is an increase in taxes on production?

  • Question 5
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    In the long run, what type of costs are all costs considered to be?

  • Question 6
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    What does marginal cost represent?

  • Question 7
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    What is the determinants of supply?

  • Question 8
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    Average cost is derived by:

  • Question 9
    1 / -0

    When the total revenue is greater than the totalcost, it is a situation of _______.

  • Question 10
    1 / -0

    Which of the following represents total product?

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