Author Question: All of the following are true, except a. Bubbles are prices that cannot be explained by normal ... (Read 56 times)

charchew · **on:** Jul 1, 2018

All of the following are true, except
a. Bubbles are prices that cannot be explained by normal economic forces
b. Many economists don't think bubbles exist
c. Many economists have a clear idea about how to model bubbles
d. All of the above are true

Question 2

A ____ total cost function implies that marginal costs ____ as output is increased.
a. linear; increase linearly
b. quadratic; increase linearly
c. cubic; increase linearly
d. a and b
e. none of the above