Unlimited resources to satisfy limited economic wants

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unlimited resources to satisfy limited economic wants. unlimited resources to satisfy unlimited economic wants. limited resources to satisfy unlimited economic wants. Microeconomics is concerned with rev: 05_10_2018 Multiple Choice how government debt affects aggregate economic activity.
a detailed examination of specific economic units that make up the economic system. Correct the establishing of an overall view of the operation of the aggregate economic system. the aggregate or total levels of income, employment, and output.
In analyzing human decision and action, economists assume that rev: 05_10_2018
The basic truth that underlies the study of economics is the fact that we all face
rev: 05_10_2018 Multiple Choice taxes. risk. scarcity. Correct death. Markets can: provide unlimited goods and services. make buyers and sellers better off.
Use the table below to answer the following question. Output Total Cost 0 $10 1 20 2 28 3 38 4 53 5 73 6 98 The marginal cost of producing 3 units of output is rev: 05_10_2018 Multiple Choice
$28. $0. $10. Correct $38.
Which of the following is the best synonym for "marginal" in economics? rev: 05_10_2018 Multiple Choice additional Correct basic
Which of the following is not a main function of the entrepreneur? rev: 05_10_2018 Multiple Choice to make routine pricing decisions Correct to make strategic business decisions to assume the risk of economic losses to innovate The four factors of production (or types of resources) are rev: 05_10_2018 Multiple Choice land, labor, capital, and entrepreneurial ability.
Correct
Which of the following is a land resource? rev: 05_10_2018 Multiple Choice a machine for detecting earthquakes natural gas Correct an oil drilling rig a farmer
The main function of the entrepreneur is to rev: 05_10_2018
Use the following graph to answer the question below.
The price where marginal benefit equals marginal cost is rev: 05_10_2018 Multiple Choice $1.60. $1.60. $0.50. $1.00.

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