The inflation rate measures the average prices of goods and services in the economy.
Indicate whether the statement is true or false
Question 2
Refer to Table 4-3. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the price of polo shirts increases from 15 to 20
A) producer surplus will rise from 13 to 28.
B) there will be a surplus of polo shirts.
C) the marginal cost of producing the third polo shirt will increase to 20.
D) consumers will buy no polo shirts.
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