In perfect competition, marginal revenue equals the market price
Indicate whether the statement is true or false
true
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_____________ sector savings only sometimes (and partially) adjust to offset government budget deficits and surpluses.
a. Foreign b. Corporate c. Public d. Private
The long run is the period of time during which _____
Fill in the blank(s) with the appropriate word(s).
Debt needs to be judged relative to assets because:
A. private investment is always more productive than government investment. B. assets can increase the ability of a country to repay a debt. C. assets are always depreciating. D. all assets provide interest payments to pay the debt.
Output (Bushels of Barley)Marginal Cost(Dollars)10 bushels$0.3020 bushels$0.6030 bushels$0.9040 bushels$1.20 Refer to Table 5.1, which gives Farmer McColl's marginal cost function for barley. Suppose Farmer McColl is one of 20 farmers in the barley market, and all of the farmers have identical marginal cost functions. If the market price of barley is $1.00 per bushel, which of the following could be the total amount of barley produced in the market?
A. 33 B. 600 C. 340 D. 700