The real interest rate can be negative
a. True
b. False
Indicate whether the statement is true or false
True
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If a firm is experiencing diseconomies of scale, its long-run marginal cost curve is upward sloping
a. True b. False
A natural monopolist will voluntarily choose to produce at the point where P = MC
a. True b. False Indicate whether the statement is true or false
An increase in the supply of U.S. dollars in the foreign exchange market would cause the dollar to appreciate with respect to other currencies
a. True b. False Indicate whether the statement is true or false
Restaurants will add high-price food items to the menu to lure diners to choose foods just below the high-price items. These items generally have the highest profit margin. This is an example of:
A. choice architecture. B. enlightened self-interest. C. price discrimination. D. irrational behavior.