Which of the following is NOT true for a perfectly competitive firm?
A) P = MR
B) AR = MR
C) MR = TR
D) P = AR
C
You might also like to view...
When displaced workers require retraining before entering the labor force again, it is the result of ________ unemployment
A) structural B) cyclical C) seasonal D) frictional
If the dollar's value changes from 120 yen per dollar to 110 yen per dollar, the dollar has
A) depreciated. B) appreciated. C) demanded. D) devalued.
In a study published in 1963, Milton Friedman and Anna Schwartz found that in every business cycle they studied over nearly a hundred-year period
A) the growth rate of the money supply decreased before output decreased. B) interest rates decreased before output decreased. C) the growth rate of federal government spending decreased before output decreased. D) the growth rate of state and local government spending decreased before output decreased.
Refer to the information provided in Table 24.2 below to answer the question(s) that follow. Table 24.2
Refer to Table 24.2. At an output level of $1,500, disposable income
A. is $1,000. B. is $1,200. C. is $1,400. D. cannot be determined from this information.