The perfectly competitive firm's total revenue curve
A. has a constant slope.
B. has a positive slope.
C. is linear and upward sloping.
D. all of these.
Answer: D
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One example of an entrepreneur is:
a) a writer who is hired by a film studio to adapt a novel into a screenplay b) a lawyer in a high-profile law firm that specializes in business law c) an Olympic ice skater who later decides to join a professional ice show d) an artist who runs a business painting murals in office buildings and restaurants
Refer to Figure 26.1. The output that maximizes production efficiency for this firm is
A. Q1. B. Q2. C. Q3. D. Q4.
. Central banks, as they conduct monetary policy, inevitably affect only ___________, with no lasting impact on ___________ in the long run.
A. prices; employment B. employment; prices C. output; prices D. demand; employment
GDP per capita is one way to measure an economy's growth. China and India began to progress when they allowed private ownership, around ____. Since then, there has been steady, strong growth in these economies
a. 1960 b. 1970 c. 1980 d. 1990 e. 2000