This label is an example of producer innovation in a market economy.
freedom in the free-enterprise system.
regulation by a government agency.
competition between businesses.

The chart shows the marginal cost and marginal revenue of producing apple pies. what most likely will happen if the pie maker continues to make additional pies? the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit. the marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, increasing the profit. the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, increasing the profit. the marginal costs will continue to fall, decreasing the total cost, while the marginal revenue remains the same, decreasing the profit.

Because of the housing bubble, many houses are now selling for much less than their selling price just two to three years ago. there is evidence that homeowners with virtually identical houses tend to ask for more if they paid more for the house. what fallacy are they making?

About 300 billion dollars in taxes is lost in the united states alone due to an underground economy, which involves paying individuals cash rather than having them on the official payroll. a. true b. false