The profit-maximizing level for all firms in ________ is the output level where MC = MR.
A. only perfectly competitive industries
B. only large industries
C. only monopoly industries
D. any industry
Answer: D
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Explain the relationship between economic growth and labor productivity
What will be an ideal response?
The derived demand for an input decreases when
A. the price of the input increases. B. the price of the output increases. C. the price of the input decreases. D. the price of the output decreases.
In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. In the current market for peanut butter, the price falls and the quantity decreases
This set of results means that A) supply decreased by more than demand increased. B) demand increased by more than supply decreased. C) demand increased by more than supply increased. D) supply decreased by more than demand decreased.
Which of the following does not appear on the asset side of a bank's balance sheet?
a. Checkable deposits b. Loans c. Required reserves d. Excess reserves