Which statement is false?
A. The break-even point lies on the firm's short-run supply curve.
B. The firm's short-run and long-run supply curves both run along the marginal cost curve.
C. In the short run a firm losing money will operate if the price is between the break-even point and the shutdown point.
D. The lowest price acceptable to a firm in the short run is at the break-even point.
D. The lowest price acceptable to a firm in the short run is at the break-even point.
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Most students attending college pay tuition and are unable to hold a full-time job. For these students, tuition is
A) part of the opportunity cost of going to college. So are their forgone earnings from not holding a full-time job. B) part of the opportunity cost of going to college. Their forgone earnings from not holding a full-time job are not part of the opportunity cost of attending college. C) not part of the opportunity cost of going to college, but their forgone earnings from not holding a full-time job are part of the opportunity cost of attending college. D) not part of the opportunity cost of going to college. Neither are their forgone earnings from not holding a full-time job.
The Fed's monetary policy tools
A) have proven to be of little value in helping the Fed to achieve its monetary policy goals. B) have allowed the Fed to achieve its monetary policy goals directly. C) have allowed the Fed to achieve its monetary policy goals indirectly. D) are no longer as effective in achieving its monetary policy goals, due to restrictive legislation passed by Congress in the 1990s.
Any target value of the nominal interest rate chosen by the Federal Reserve implies a specific value for:
A. potential output. B. government purchases. C. the budget deficit. D. the money supply.
To determine who would be the best person work on a market analytics project to facilitate a company-wide re-branding initiative, Lauren secretly timed and recorded how long it took three of her staff to complete a mini-analytics project before deciding to whom she would assign the project. What tool was Lauren using?
a. She was using the record-time-test tool. b. She was using the work assignment tool. c. She was using the efficiency study. d. She was using the time-and-motion-study.