The entry of an additional firm into a market decreases the profit per unit of output because entry decreases the price.
Answer the following statement true (T) or false (F)
True
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When the price of a coupon bond increases,
A) the coupon rate declines B) the coupon rate increases C) the current yield declines D) the current yield increases
Which of the following is the most frequently used parameter when comparing two economies?
a. Nominal GDP b. Real GDP c. Per capita real GDP d. Currency adjusted GDP
With respect to economic freedom, which of the following is TRUE?
A. As economic freedom increases, so does a nation's prospects for economic growth. B. Three out of four people live in nations with governments that grant residents high degrees of economic freedom. C. About three dozen nations with governments unwilling to grant much in the way of economic freedom are home to two-thirds of the world's population. Even so, these countries produce over 50 percent of the world's output. D. Where governments do not grant residents a high degree of economic freedom, economic growth rates tend to be above the annual average for the world's nations.
What are the formulas for total revenue, average revenue, and marginal revenue
What will be an ideal response?