Diversification is determined by adding value
Indicate whether the statement is true or false
True
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What is the shape of the AFC curve and why does it have this shape?
What will be an ideal response?
A firm will shut down in the short run when
A) price is below average total costs at all possible rates of output. B) price is below average variable costs at all possible rates of output. C) price is below marginal cost at all possible rates of output. D) it is making a loss.
The impact of computers on U.S. productivity growth: a. has been disappointingly small—about one-half percentage point annually between 1972 and 1996. b. has been dramatic, contributing to significant growth during the early years of the 21st century. c. has been significant in the health care sector but not elsewhere
d. has actually been negative in most industries. e. was greater during the period 1972–1990 than it has been since that time.
If the marginal propensity to consume is 0.75 and the desired amount of increase in real GDP is $240 billion, then by how much would government spending have to increase?
a. $240 billion b. $80 billion c. $60 billion d. $30 billion