Cost minimization requires that a firm equate the ratio of marginal products of inputs to the ratio of input prices
a. True
b. False
Indicate whether the statement is true or false
True
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Given the following information about Gotham Bank:
Bank Deposits $50,000 Loans 34,000 Reserves 12,000 Reserve Requirement 20 percent Gotham Bank is holding ________ in excess reserves. A) $22,000 B) $12,000 C) $2,000 D) -$2,000
________ does not address the questions related to optimal resource allocation.
a. Comparative-effectiveness analysis b. Economic efficiency c. Cost-benefit analysis d. Cost-effectiveness analysis
The "Four Tigers" of East Asia are the newly industrialized countries of Taiwan, South Korea, Hong Kong, and:
A. Japan. B. Singapore. C. the Philippines. D. Vietnam.
When a firm shuts down in the short run, it breaks even.
Answer the following statement true (T) or false (F)