Tim Tupper's term paper-typing business is a perfectly competitive firm in long-run equilibrium. Which of the following does not describes the firm's situation?

a. It will be minimizing average total cost.
b. It will be charging a price equal to marginal cost.
c. It will be charging a price equal to average total cost.
d. It will be earning a normal profit.
e. Entrepreneurs outside the industry will be eager to enter.


E

Economics

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If the exchange rate between the Canadian dollar (C$) and the U.S. dollar ($) changes from 1C$ = $1.30 to 1C$ = $1.05 we can say that:

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Economics

Which of the following is a valid concern about the national debt for a country whose debt is held entirely by its citizens?

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Economics

Many Americans have been hurt by recent economic events. Raising the minimum wage is the best policy to improve the wages and employment opportunities of Americans. This argument is

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Economics