ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 6, Problem 2.5P
To determine
The concept of leakages and injections in the Circular flow.
Concept Introduction:
Circular flow of income: It is the visual model which shows how money flows from one sector to another and create equilibrium.
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Use the information contained in the graph below to answer the following question. Which of the
curves could represent marginal costs?
O
A
C
B
O
None of the curves could be the answer.
B
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Question 22
2 pts
Use the information contained in the three graphs below to answer the following question. Which of
the three curves could display an efficiency scale?
(A)
5800
$700
5600
$500
(B)
$800
$700
(C)
ccc
$400
$300
$200
$300
$200
$100
$100
$400
$300
$300
$100
1
$800
$700
S
$600
A
None of the curves could be the answer.
B
C
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