About _________ percent of all banks have state charters.
Fill in the blank(s) with the appropriate word(s).
66
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If market price is greater than or equal to the minimum of AVC but below the minimum of AC, then
A) the firm will shut down. B) the firm will operate because its loss is less than if it shut down. C) revenue is lower than variable costs. D) profit is positive and so the firm will operate.
Define an M-form organization and discuss its advantages over a U-form organization
Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce either 16 tons of oranges or 4 tons of apples. The opportunity costs of producing 1 ton of apples for Alpha and Omega, respectively, are: a. 0.25 tons of oranges; 0.5 tons of oranges. b. 9 tons of oranges; 4 tons of oranges
c. 2 tons of oranges; 4 tons of oranges. d. 4 tons of oranges; 2 tons of oranges.
The marginal cost curve is a linear upward-sloping curve
a. True b. False Indicate whether the statement is true or false