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Author Question: The above figure shows the long-run expansion path. The long-run average cost curve will be A) ... (Read 54 times)

Yi-Chen

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on: Jul 1, 2018
The above figure shows the long-run expansion path. The long-run average cost curve will be
 
  A) horizontal.
  B) downward sloping.
  C) upward sloping.
  D) vertical.

Question 2

Which of the following is not an advantage of fiscal federalism?
 
  a. It allows people to vote with their feet.
  b. It facilitates intergovernmental comparisons.
  c. It increases the ability of government to bargain with bureaucracies.
   d. It can limit the costs of government programs to those who benefiting from them.
Microeconomics ¦ Perloff ¦ 8th Edition
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debra928

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

c


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