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1. (02.01 LC) Revenue, profit, and utility represent ________ that play a significant role in determining people's choices. (2 points) factors of production inputs outputs

1.

(02.01 LC) Revenue, profit, and utility represent ________ that play a significant role in determining people's choices. (2 points)

factors of production
inputs
outputs
marginally increasing values
I think it is this oneincentives

2.

(02.01 MC) Which of the following methods would produce an accurate market demand curve? (2 points)

Adding horizontally at each price all the individual marginal benefit curves in the market
I think it is this one.Connecting the axes with a line that passes through the market price
Drawing the marginal cost curve from its lowest point up
Taking the derivative of all the suppliers' total product curves
Multiplying the equilibrium price by all quantities supplied

3.

(02.01 MC) (2 points)

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Computers Price D2 D1 QuantityPrice Supply P1 - B E P2 T - F F C H P3 D K G L Demand Q1 Q2 Q3 Quantity (units)Price Supply A B E P. C F Demand - - - - --- D Quantity Qaf Q &f (units)

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