Which of the following statements is correct?
a. For all firms, marginal revenue equals the price of the good.
b. Only for competitive firms does average revenue equal the price of the good.
c. Marginal revenue can be calculated as total revenue divided by the quantity sold.
d. Only for competitive firms does average revenue equal marginal revenue.
d
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One reason why many low-income countries experience low rates of growth is because of poor public education and health
Indicate whether the statement is true or false
The term _____ refers to the idea that the value people place on money depends on where that money comes from
a. decision making b. psychological pricing c. mental accounting d. marketing mix e. anchoring
A country has output of $900 billion, consumption of $600 billion, government expenditures of $150 billion and investment of $120 billion. What is its supply of loanable funds?
a. $30 billion b. $90 billion c. $120 billion d. $150 billion
A government agency charged with enforcing antitrust laws is
A. the Federal Reserve Board. B. the National Labor Relations Board. C. the Federal Trade Commission. D. the Council of Economic Advisors.