International capital flows increase the power of monetary policy.
Answer the following statement true (T) or false (F)
True
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For a perfectly competitive firm, at the profit-maximizing output average revenue equals marginal cost
Indicate whether the statement is true or false
What is the relationship of bondholders to a company?
a. Bondholders owe the company a debt. b. The company owes bondholders a debt. c. Bondholders own part of the company. d. The company earns interest from the bondholders.
Jordan has the following assets and liabilities:Two cars$10,000House$200,000Mortgage$100,000Cash$1,000Car loans$3,000Checking account balance$2,000Credit card balance$1,000 What is Jordan's wealth?
A. $109,000 B. $107,000 C. $111,000 D. $213,000
The principle marginal revenue equal-marginal-cost rule for maximizing profit
A) does not apply to firms in the monopoly or oligopolistic industries. B) applies only for firm in perfect competition but not in monopolistic competition. C) applies to new firms but not to existing firms in an industry. D) applies to all the firms in all industries.