When marginal revenue equals marginal cost, the firm just "breaks even."
a. True
b. False
B
Economics
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The Ceteris paribus assumption is important when building economic models
a. True b. False Indicate whether the statement is true or false
Economics
The Full Employment and Balanced Growth Act of 1978 set the target unemployment rate for the United States economy at 4 percent
a. True b. False
Economics
Profit-maximizing, competitive firms will not discriminate in the hiring of workers unless consumers exercise a preference for discrimination in product markets or governments mandate discrimination
a. True b. False Indicate whether the statement is true or false
Economics
People hold money as an asset rather than other assets because
A. it holds its value. B. it grows in value. C. there is no cost to holding money as an asset. D. it is highly liquid.
Economics