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According to the original Constitution, senators were appoin…

According to the original Constitution, senators were appointed by state governors. 

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  Average Fixed Cost (AFC): Total fixed cost (TFC) divided…

  Average Fixed Cost (AFC): Total fixed cost (TFC) divided by quantity of output  Average Variable Cost (AVC): Total variable cost (TVC) divided by quantity of output Average Total Cost (ATC): Total cost (TC) divided by quantity of output MC indicates marginal cost.  Based on the above plot (c) (1)_____________ continuously declines as the quantity of output rises, because (2)____________ is constant. 

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  When an economy experiences inflation, the money  

  When an economy experiences inflation, the money  

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  The cost of producing a bushel of wheat in Country A is $5…

  The cost of producing a bushel of wheat in Country A is $5, and the price at which Country A sells a bushel of wheat abroad is $4. This is an example of  

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  Money serves as a unit of account when goods  

  Money serves as a unit of account when goods  

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In which type of election are you most likelyto see coattail…

In which type of election are you most likelyto see coattail effects?

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Case 1 where Price < AVC  Case 2 where Price > ATC Case 3 wh…

Case 1 where Price < AVC  Case 2 where Price > ATC Case 3 where ATC > P > AVC MC (Marginal Cost) MR (Marginal Revenue) ATC (Average Total Cost) AVC (Average Variable Cost) d (demand curve) P (price) Based on the above figure  for a perfectly competitive firm in the short run, In which case will a perfectly competitive firm shut down in the short run? _____________ 

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Social capital is the connection with others and the willing…

Social capital is the connection with others and the willingness to interact with them. 

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All members of the House of Representatives are reelected in…

All members of the House of Representatives are reelected in midterm elections 

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The Elastic Clause is found in Article II of the Constitutio…

The Elastic Clause is found in Article II of the Constitution. 

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