A perfectly competitive firm will not operate where MC = MR but at MC = AC
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
________ economic growth occurs when, after growth, exports and imports rise by the same proportion
A) Rising B) Neutral C) Biased D) Technological
If a person is waiting to be called back to a job from which she has been laid off, how is she classified by the Bureau of Labor Statistics?
A) as not in the labor force B) as an unemployed person C) as an employed person D) as a discouraged worker
A demand curve is downward sloping because
A. as the price of the good decreases, the consumer finds that a lower indifference curve is attainable. B. as the price of the good decreases, the consumer finds that a higher indifference curve is attainable. C. consumers move downward along a budget line as the price of a good decreases. D. consumers move upward along a budget line as the price of a good decreases.
The cost of complying with regulation
A. shifts the demand curve to the right. B. increases the products' price elasticity of demand. C. shifts the ATC curve upward. D. shifts the MC curve downward.