If you know that the price where MC=MR at a point that is between ATC and AVC, you
A. know the firm is breaking even.
B. know the firm is making a profit.
C. know the firm is making a loss.
D. need to know whether the firm is a price taker or a price maker to determine whether they are making a profit.
Answer: D
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The part of the balance of payments that records purchases of assets a country has made abroad and foreign purchases of assets in the country is the
A) capital account. B) current account. C) financial account. D) statistical discrepancy account.
Marginal tax rates supply reliable measures of tax progressiveness.
A. True B. False C. Uncertain
Managers must monitor knowledge workers closely
Indicate whether the statement is true or false
In mid-2009, publicly held debt was approaching ______ and total debt was approaching ______
a. $1 trillion; $12 trillion. b. $3 trillion; $6 trillion. c. $12 trillion; $7 trillion. d. $7 trillion; $12 trillion. e. $12 trillion; $12 trillion.