a. the equilibrium level of output will always be at the full-employment level of output. b. the economy would always be near or on its production possibilities frontier. c. wages and prices are often inflexible in the downward direction. d. Say's law would hold in a laissez-faire economy.

You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?

The penalties for a first-time dui charge include revocation of drivers license a. 180 days b. ben 180 des and one year c. bence 90 and 180 d. one year

How do communism and socialism differ in terms of the role that government plays in the economy ?