Long-run average costs are the same as long-run total costs
a. True
b. False
A
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Private placements avoid
A) restrictive agreements. B) SEC registration costs. C) the need for collateral. D) the primary market.
If the total variable cost of producing 5 units of output is $10 and the total variable cost of producing 6 units is $15, the marginal cost of producing a sixth unit is $5
a. True b. False Indicate whether the statement is true or false
Increases in the interest rate reduce the multiplier effect of an increase in government purchases
a. True b. False
Suppose that when the price of broccoli is $4 per pound, buyers wish to buy 500 pounds per day and sellers wish to sell 800 pounds per day. In this case:
A. excess supply will lead the price of broccoli to fall. B. excess demand will lead the price of broccoli to rise. C. excess demand will lead the price of broccoli to fall. D. excess supply will lead the price of broccoli to rise.