Author Question: Which explains why supply curves slope upward to the right? A) Sunk costs B) Decreasing average ... (Read 36 times)

Chloeellawright · **on:** Jun 29, 2018

Which explains why supply curves slope upward to the right?

A) Sunk costs
B) Decreasing average costs
C) Increasing marginal costs
D) Multiple per-unit costs

Question 2

The above figure shows the market for college education in the United States. With no government intervention, the unregulated market equilibrium is ________ because education generates ________.

A) efficient; positive external benefits
B) inefficient; positive external benefits
C) inefficient; positive external costs
D) efficient; positive external costs
E) inefficient; public goods