The long-run marginal cost is the additional cost incurred by the firm when producing one more unit of output, holding the amount of capital constant.
Answer the following statement true (T) or false (F)
False
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Leontief reconciled his results by arguing that
A) American labor is more efficient than foreign. B) American capital is more efficient than foreign. C) Foreign capital is more efficient than American. D) Foreign labor is more efficient than American.
Price discrimination strategies that cause considerable consumer resentment or a negative reaction from competitors can reduce or eliminate the effectiveness of such strategies
Indicate whether the statement is true or false
Outline the policy choices for contractionary and expansionary options of the Fed
In the open-economy macroeconomic model, the key determinant of net capital outflow is
a. the real exchange rate. When the real exchange rate rises, net capital outflow rises. b. the real exchange rate. When the real exchange rate rises, net capital outflow falls. c. the real interest rate. When the real interest rate rises, net capital outflow rises. d. the real interest rate. When the real interest rate rises, net capital outflow falls.