If the nominal interest rate is 0.6 percent and the rate of inflation is 2.9 percent in a given year, then what is the corresponding real rate of return?
A) 3.5 percent
B) 2.3 percent
C) -3.5 percent
D) None of the above.
D
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A logarithmic variable cost function implies that
A) marginal cost is increasing at a decreasing rate. B) marginal cost is increasing at an increasing rate. C) marginal cost is constant. D) marginal cost is decreasing as quantity increases.
A market with more than one seller and significant barriers to entry is called
a. perfect competition b. monopolistic competition c. an oligopoly d. collusive e. regulated
Co-pay is a fixed amount that the insured person must pay each time he or she uses health care.
Answer the following statement true (T) or false (F)
Society benefits from monopolistic competition because the firms are allocatively efficient.
Answer the following statement true (T) or false (F)