Which of the following holds true at the chosen level of output in the long run for firms in a perfectly competitive market?
A. P = minimum AVC
B. P > MC
C. MR > MC
D. MR = MC
Answer: D
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Some researchers have been unable to find evidence of increasing returns to human capital
Indicate whether the statement is true or false
According to the infant-industry argument, protection should be withdrawn from an infant industry when the companies in the industry
A) are listed on the domestic stock exchange. B) become profitable. C) double their sales revenues. D) reach a sufficient size to compete with foreign firms.
The fact that more women have chosen to work as real wages rise is evidence that, for them
a. leisure is an inferior good. b. income and substitution effects of higher real wages work in the same direction. c. income and substitution effects of higher real wages may work in opposite directions. d. income and substitution effects may work in opposite directions but that the substitution effect is stronger.
Forces inside a nation that cause people to think about leaving that nation are called what in migration theory?
What will be an ideal response?