Economic Development — Cumulative exam Answers
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most likely
T
The marginal cost will most likely decrease to $1.00T
The marginal cost will most likely increase to $2.00T
The marginal revenue will most likely decrease to $8.00.T
The marginal revenue will most likely increase to $12.00.22
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The North American Free Trade Agreement created a free trade zone between Canada, the United States, and .
Answer not available
23
Which of the following are taxes on income or wealth that individuals pay in the United States? Select three options.
A
property tax on a homeB
income earned from wagesC
sales tax on clothingD
excise tax on gasolineE
profits from investments24
Motherboards, Inc., manufactures computer parts. The company’s total revenue is
t
the money the company earns after paying all of its production costs.t
the total wages the company pays workers in its factories and stores.t
the amount of money the company earns from selling an individual part.t
the amount the company receives from the sale of all of its computer parts.25
Equilibrium occurs when supply and demand coordinate to
s
set excess demand.s
set prices and production.m
maintain excess supply.r
raise prices and production.Did you find these answers helpful?
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