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Q2: If marginal costs are rising<br>A)total fixed costs
Q3: In the market processes resources end up
Q4: Describe the basic motives for businesses to
Q5: Managerial economics is best defined as<br>A)the study
Q14: If price elasticity is 3.25, then demand
Q19: Opportunistic behavior is best described as a
Q23: Production should be expanded if marginal cost
Q29: Property rights need to be secure<br>A)to promote
Q30: Growth should<br>A)be the only strategy.<br>B)be a possible
Q52: With free entry<br>A)economic profits are possible over